Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Strong Trading Volume – Time to Buy?

Fidelity High Yield Factor ETF (NYSEARCA:FDHYGet Free Report) shares saw strong trading volume on Thursday . 55,905 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 79,820 shares.The stock last traded at $49.06 and had previously closed at $48.99.

Fidelity High Yield Factor ETF Price Performance

The business has a 50 day moving average price of $49.14 and a 200 day moving average price of $49.22.

Institutional Investors Weigh In On Fidelity High Yield Factor ETF

Hedge funds have recently bought and sold shares of the stock. Nalls Sherbakoff Group LLC purchased a new position in shares of Fidelity High Yield Factor ETF during the 4th quarter valued at approximately $25,000. Arax Advisory Partners purchased a new stake in Fidelity High Yield Factor ETF during the fourth quarter worth $37,000. NewEdge Advisors LLC boosted its holdings in Fidelity High Yield Factor ETF by 69.1% during the third quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after buying an additional 425 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Fidelity High Yield Factor ETF during the third quarter worth $121,000. Finally, IFP Advisors Inc grew its position in Fidelity High Yield Factor ETF by 747.4% during the fourth quarter. IFP Advisors Inc now owns 2,932 shares of the company’s stock valued at $145,000 after buying an additional 2,586 shares during the period.

Fidelity High Yield Factor ETF Company Profile

(Get Free Report)

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.

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