Dentgroup LLC Grows Stock Position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Dentgroup LLC increased its holdings in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 78.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 47,572 shares of the company’s stock after purchasing an additional 20,908 shares during the quarter. Fidelity High Yield Factor ETF comprises about 1.7% of Dentgroup LLC’s investment portfolio, making the stock its 15th biggest holding. Dentgroup LLC’s holdings in Fidelity High Yield Factor ETF were worth $2,285,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Breakwater Capital Group lifted its position in Fidelity High Yield Factor ETF by 14.0% during the first quarter. Breakwater Capital Group now owns 14,662 shares of the company’s stock worth $704,000 after buying an additional 1,804 shares during the period. Moody National Bank Trust Division increased its stake in Fidelity High Yield Factor ETF by 3.4% during the first quarter. Moody National Bank Trust Division now owns 104,621 shares of the company’s stock worth $5,026,000 after acquiring an additional 3,414 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Fidelity High Yield Factor ETF by 172.4% during the fourth quarter. Sunbelt Securities Inc. now owns 12,997 shares of the company’s stock worth $627,000 after acquiring an additional 8,226 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity High Yield Factor ETF during the fourth quarter worth about $2,591,000. Finally, JPMorgan Chase & Co. increased its stake in Fidelity High Yield Factor ETF by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,873 shares of the company’s stock worth $814,000 after acquiring an additional 4,408 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

Shares of NYSEARCA:FDHY opened at $48.37 on Friday. The business has a 50-day moving average of $47.66 and a two-hundred day moving average of $48.31. Fidelity High Yield Factor ETF has a 12 month low of $45.41 and a 12 month high of $49.79.

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.