Flavin Financial Services Inc. Takes $3.56 Million Position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Flavin Financial Services Inc. purchased a new stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 73,738 shares of the company’s stock, valued at approximately $3,558,000. Fidelity High Yield Factor ETF accounts for 3.4% of Flavin Financial Services Inc.’s holdings, making the stock its 5th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in FDHY. Sunbelt Securities Inc. boosted its stake in Fidelity High Yield Factor ETF by 11.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,771 shares of the company’s stock worth $235,000 after purchasing an additional 486 shares during the period. Freestate Advisors LLC acquired a new position in Fidelity High Yield Factor ETF in the 3rd quarter worth $286,000. MML Investors Services LLC boosted its stake in Fidelity High Yield Factor ETF by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 6,040 shares of the company’s stock worth $298,000 after purchasing an additional 650 shares during the period. JPMorgan Chase & Co. boosted its stake in Fidelity High Yield Factor ETF by 422.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock worth $615,000 after purchasing an additional 10,080 shares during the period. Finally, Breakwater Capital Group boosted its stake in Fidelity High Yield Factor ETF by 27.6% in the 4th quarter. Breakwater Capital Group now owns 12,858 shares of the company’s stock worth $620,000 after purchasing an additional 2,784 shares during the period.

Fidelity High Yield Factor ETF Stock Down 0.1 %

Shares of NYSEARCA FDHY opened at $48.66 on Tuesday. The company has a fifty day moving average price of $48.68 and a 200 day moving average price of $48.79. Fidelity High Yield Factor ETF has a 1-year low of $47.05 and a 1-year high of $49.79.

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.