Financial Management Professionals Inc. Increases Stock Holdings in Fidelity High Yield Factor ETF $FDHY

Financial Management Professionals Inc. boosted its holdings in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 451,872 shares of the company’s stock after purchasing an additional 43,498 shares during the quarter. Fidelity High Yield Factor ETF makes up 2.3% of Financial Management Professionals Inc.’s portfolio, making the stock its 16th biggest holding. Financial Management Professionals Inc. owned approximately 4.52% of Fidelity High Yield Factor ETF worth $22,427,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in Fidelity High Yield Factor ETF by 69.1% in the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after buying an additional 425 shares during the period. Planwiser Financial LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 3.1% during the 3rd quarter. Planwiser Financial LLC now owns 20,560 shares of the company’s stock worth $1,006,000 after acquiring an additional 611 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position 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 worth $535,000 after acquiring an additional 630 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Fidelity High Yield Factor ETF by 6.8% in the third quarter. Cibc World Market Inc. now owns 11,465 shares of the company’s stock worth $565,000 after acquiring an additional 725 shares during the last quarter. Finally, Foronjy Financial LLC boosted its position in shares of Fidelity High Yield Factor ETF by 9.5% in the third quarter. Foronjy Financial LLC now owns 8,355 shares of the company’s stock worth $412,000 after acquiring an additional 728 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

Fidelity High Yield Factor ETF stock opened at $49.55 on Friday. Fidelity High Yield Factor ETF has a 1 year low of $46.87 and a 1 year high of $49.71. The firm has a 50 day moving average price of $49.10 and a 200 day moving average price of $49.23.

Fidelity High Yield Factor ETF Increases Dividend

The business 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. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 6.5%. This is a boost from Fidelity High Yield Factor ETF’s previous monthly dividend of $0.24.

About Fidelity High Yield Factor ETF

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.