LPL Financial LLC Grows Position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

LPL Financial LLC grew its stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,624 shares of the company’s stock after buying an additional 1,348 shares during the period. LPL Financial LLC owned 4.53% of Fidelity High Yield Factor ETF worth $16,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Fidelity High Yield Factor ETF during the 4th quarter worth approximately $2,591,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fidelity High Yield Factor ETF by 112.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 63,349 shares of the company’s stock worth $3,043,000 after acquiring an additional 33,599 shares during the period. Dentgroup LLC increased its stake in shares of Fidelity High Yield Factor ETF by 78.4% in the first quarter. Dentgroup LLC now owns 47,572 shares of the company’s stock worth $2,285,000 after acquiring an additional 20,908 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Fidelity High Yield Factor ETF by 52.8% during the first quarter. Axxcess Wealth Management LLC now owns 36,135 shares of the company’s stock worth $1,736,000 after purchasing an additional 12,486 shares during the last quarter. Finally, BG Investment Services Inc. lifted its position in Fidelity High Yield Factor ETF by 68.8% during the first quarter. BG Investment Services Inc. now owns 30,275 shares of the company’s stock valued at $1,454,000 after purchasing an additional 12,341 shares during the period.

Fidelity High Yield Factor ETF Stock Down 0.2%

NYSEARCA:FDHY opened at $48.85 on Wednesday. The firm’s fifty day moving average is $48.69 and its two-hundred day moving average is $48.34. Fidelity High Yield Factor ETF has a one year low of $45.41 and a one year high of $49.79.

Fidelity High Yield Factor ETF Company Profile

The Fidelity High Yield Factor ETF (FDHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation.