Advisory Services Network LLC Sells 5,989 Shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Advisory Services Network LLC cut its holdings in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 165,991 shares of the company’s stock after selling 5,989 shares during the period. Advisory Services Network LLC’s holdings in Fidelity High Yield Factor ETF were worth $8,009,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Golden State Wealth Management LLC acquired a new stake in Fidelity High Yield Factor ETF in the 4th quarter valued at approximately $31,000. Global Retirement Partners LLC grew its stake in shares of Fidelity High Yield Factor ETF by 1,652.4% in the fourth quarter. Global Retirement Partners LLC now owns 736 shares of the company’s stock worth $36,000 after acquiring an additional 694 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Fidelity High Yield Factor ETF by 11.3% in the third quarter. Sunbelt Securities Inc. now owns 4,771 shares of the company’s stock worth $235,000 after acquiring an additional 486 shares during the last quarter. MML Investors Services LLC increased its position in Fidelity High Yield Factor ETF by 12.1% during the third quarter. MML Investors Services LLC now owns 6,040 shares of the company’s stock worth $298,000 after acquiring an additional 650 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in Fidelity High Yield Factor ETF by 78.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,855 shares of the company’s stock valued at $427,000 after purchasing an additional 3,894 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

NYSEARCA FDHY opened at $46.01 on Wednesday. The company’s fifty day moving average is $48.39 and its two-hundred day moving average is $48.66. Fidelity High Yield Factor ETF has a 52-week low of $45.79 and a 52-week high of $49.79.

Fidelity High Yield Factor ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were paid a dividend of $0.251 per share. The ex-dividend date was Friday, March 28th.

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.