Dentgroup LLC Buys 4,097 Shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Dentgroup LLC increased its stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 18.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,664 shares of the company’s stock after buying an additional 4,097 shares during the period. Fidelity High Yield Factor ETF makes up about 1.0% of Dentgroup LLC’s portfolio, making the stock its 26th biggest position. Dentgroup LLC’s holdings in Fidelity High Yield Factor ETF were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in Fidelity High Yield Factor ETF in the second quarter worth approximately $38,000. Sunbelt Securities Inc. lifted its position in shares of Fidelity High Yield Factor ETF by 11.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,771 shares of the company’s stock valued at $235,000 after acquiring an additional 486 shares during the period. Freestate Advisors LLC bought a new position in Fidelity High Yield Factor ETF during the third quarter worth $286,000. MML Investors Services LLC grew its holdings in Fidelity High Yield Factor ETF by 12.1% in the third quarter. MML Investors Services LLC now owns 6,040 shares of the company’s stock worth $298,000 after purchasing an additional 650 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity High Yield Factor ETF by 422.6% during the third quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock valued at $615,000 after purchasing an additional 10,080 shares during the period.

Fidelity High Yield Factor ETF Stock Performance

Shares of FDHY traded up $0.13 during trading hours on Friday, hitting $48.52. The stock had a trading volume of 15,471 shares, compared to its average volume of 23,807. Fidelity High Yield Factor ETF has a 1-year low of $47.05 and a 1-year high of $49.79. The firm has a 50 day simple moving average of $48.77 and a 200-day simple moving average of $48.70.

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.