BG Investment Services Inc. Raises Stock Holdings in Fidelity High Yield Factor ETF $FDHY

BG Investment Services Inc. increased its stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 14.5% in the second quarter, HoldingsChannel reports. The firm owned 34,678 shares of the company’s stock after buying an additional 4,403 shares during the quarter. Fidelity High Yield Factor ETF makes up approximately 2.1% of BG Investment Services Inc.’s holdings, making the stock its 13th biggest holding. BG Investment Services Inc.’s holdings in Fidelity High Yield Factor ETF were worth $1,714,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FDHY. Golden State Wealth Management LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 101.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock worth $61,000 after purchasing an additional 644 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity High Yield Factor ETF during the first quarter valued at approximately $32,000. Janney Montgomery Scott LLC boosted its position in Fidelity High Yield Factor ETF by 13.0% during the second quarter. Janney Montgomery Scott LLC now owns 5,875 shares of the company’s stock worth $287,000 after acquiring an additional 677 shares during the last quarter. Evergreen Private Wealth LLC boosted its position in Fidelity High Yield Factor ETF by 1.8% during the first quarter. Evergreen Private Wealth LLC now owns 46,999 shares of the company’s stock worth $2,258,000 after acquiring an additional 829 shares during the last quarter. Finally, Flavin Financial Services Inc. grew its stake in Fidelity High Yield Factor ETF by 1.6% in the 2nd quarter. Flavin Financial Services Inc. now owns 78,729 shares of the company’s stock worth $3,846,000 after acquiring an additional 1,225 shares during the period.

Fidelity High Yield Factor ETF Trading Up 0.2%

Shares of FDHY opened at $49.31 on Tuesday. Fidelity High Yield Factor ETF has a fifty-two week low of $45.41 and a fifty-two week high of $49.71. The stock has a fifty day moving average of $49.24 and a two-hundred day moving average of $48.58.

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.