Fidelity High Yield Factor ETF $FDHY Shares Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. raised its position in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,778 shares of the company’s stock after acquiring an additional 7,080 shares during the quarter. Raymond James Financial Inc. owned approximately 0.78% of Fidelity High Yield Factor ETF worth $2,920,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FDHY. Cullen Frost Bankers Inc. acquired a new position in shares of Fidelity High Yield Factor ETF during the first quarter valued at approximately $32,000. Golden State Wealth Management LLC grew its position in shares of Fidelity High Yield Factor ETF by 101.3% in the first quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $61,000 after purchasing an additional 644 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Fidelity High Yield Factor ETF by 31.5% in the first quarter. Envestnet Asset Management Inc. now owns 7,805 shares of the company’s stock valued at $375,000 after purchasing an additional 1,868 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Fidelity High Yield Factor ETF by 172.4% in the fourth quarter. Sunbelt Securities Inc. now owns 12,997 shares of the company’s stock valued at $627,000 after purchasing an additional 8,226 shares in the last quarter. Finally, Breakwater Capital Group grew its position in shares of Fidelity High Yield Factor ETF by 14.0% in the first quarter. Breakwater Capital Group now owns 14,662 shares of the company’s stock valued at $704,000 after purchasing an additional 1,804 shares in the last quarter.

Fidelity High Yield Factor ETF Stock Performance

FDHY stock opened at $49.27 on Monday. The business has a 50 day simple moving average of $48.95 and a 200-day simple moving average of $48.38. Fidelity High Yield Factor ETF has a 1 year low of $45.41 and a 1 year high of $49.79.

Fidelity High Yield Factor ETF 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.