Fidelity High Yield Factor ETF $FDHY Shares Acquired by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its holdings in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 10.7% in the fourth quarter, Holdings Channel reports. The firm owned 451,872 shares of the company’s stock after acquiring an additional 43,498 shares during the period. Fidelity High Yield Factor ETF makes up 2.3% of Financial Management Professionals Inc.’s portfolio, making the stock its 16th biggest position. Financial Management Professionals Inc.’s holdings in Fidelity High Yield Factor ETF were worth $22,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Flavin Financial Services Inc. lifted its stake in shares of Fidelity High Yield Factor ETF by 28.7% during the third quarter. Flavin Financial Services Inc. now owns 101,309 shares of the company’s stock worth $4,995,000 after purchasing an additional 22,580 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Fidelity High Yield Factor ETF in the third quarter worth about $2,761,000. BG Investment Services Inc. grew its stake in shares of Fidelity High Yield Factor ETF by 66.3% in the third quarter. BG Investment Services Inc. now owns 57,664 shares of the company’s stock valued at $2,843,000 after buying an additional 22,986 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Fidelity High Yield Factor ETF by 6.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,862 shares of the company’s stock valued at $535,000 after buying an additional 630 shares in the last quarter. Finally, Foronjy Financial LLC raised its holdings in shares of Fidelity High Yield Factor ETF by 9.5% during the 3rd quarter. Foronjy Financial LLC now owns 8,355 shares of the company’s stock valued at $412,000 after buying an additional 728 shares during the period.

Fidelity High Yield Factor ETF Price Performance

Fidelity High Yield Factor ETF stock opened at $49.55 on Friday. The stock’s 50 day moving average price is $49.10 and its 200 day moving average price is $49.23. Fidelity High Yield Factor ETF has a one year low of $46.87 and a one year high of $49.71.

Fidelity High Yield Factor ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.27 per share. This is an increase from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Thursday, February 26th.

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. FDHY was launched on Jun 12, 2018 and is managed by Fidelity.