Fidelity High Yield Factor ETF (NYSEARCA:FDHY – Get Free Report) saw unusually-high trading volume on Monday. 584,050 shares were traded during mid-day trading, an increase of 584% from the previous session’s volume of 85,446 shares. The stock last traded at $47.60 and had previously closed at $47.61.
Fidelity High Yield Factor ETF Stock Up 0.1%
The stock’s fifty day simple moving average is $48.44 and its 200-day simple moving average is $48.87.
Hedge Funds Weigh In On Fidelity High Yield Factor ETF
A number of institutional investors have recently modified their holdings of FDHY. Breakwater Capital Group lifted its stake in shares of Fidelity High Yield Factor ETF by 72.4% during the 3rd quarter. Breakwater Capital Group now owns 25,691 shares of the company’s stock worth $1,220,000 after purchasing an additional 10,785 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Fidelity High Yield Factor ETF during the third quarter worth $6,413,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity High Yield Factor ETF by 34.7% during the second quarter. Envestnet Asset Management Inc. now owns 20,926 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,394 shares during the last quarter. Old Mission Investment Co LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the second quarter worth $321,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the second quarter worth $7,812,000.
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.
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