Advisory Services Network LLC Buys 62,735 Shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Advisory Services Network LLC increased its stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,356 shares of the company’s stock after purchasing an additional 62,735 shares during the period. Advisory Services Network LLC owned approximately 3.01% of Fidelity High Yield Factor ETF worth $8,643,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the fourth quarter valued at about $1,040,000. Principal Securities Inc. acquired a new stake in shares of Fidelity High Yield Factor ETF during the fourth quarter valued at about $50,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fidelity High Yield Factor ETF during the third quarter valued at about $219,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Fidelity High Yield Factor ETF during the third quarter valued at about $1,648,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Fidelity High Yield Factor ETF by 27.2% during the third quarter. Kestra Advisory Services LLC now owns 8,371 shares of the company’s stock valued at $383,000 after purchasing an additional 1,788 shares in the last quarter.

Fidelity High Yield Factor ETF Price Performance

Shares of Fidelity High Yield Factor ETF stock traded up $0.07 during midday trading on Friday, reaching $47.84. The company had a trading volume of 25,485 shares, compared to its average volume of 26,244. The stock has a fifty day moving average price of $47.74 and a 200 day moving average price of $47.63. Fidelity High Yield Factor ETF has a fifty-two week low of $44.64 and a fifty-two week high of $48.50.

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.