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

Flavin Financial Services Inc. bought a new position in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,738 shares of the company’s stock, valued at approximately $3,558,000. Fidelity High Yield Factor ETF makes up 3.4% of Flavin Financial Services Inc.’s holdings, making the stock its 5th biggest holding. Flavin Financial Services Inc. owned 1.16% of Fidelity High Yield Factor ETF at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FDHY. Financial Management Professionals Inc. grew its position in Fidelity High Yield Factor ETF by 12.4% during the third quarter. Financial Management Professionals Inc. now owns 394,801 shares of the company’s stock worth $19,468,000 after buying an additional 43,505 shares in the last quarter. OmniStar Financial Group Inc. boosted its holdings in Fidelity High Yield Factor ETF by 150.4% during the third quarter. OmniStar Financial Group Inc. now owns 43,435 shares of the company’s stock valued at $2,145,000 after purchasing an additional 26,091 shares in the last quarter. Great Lakes Retirement Inc. acquired a new stake in Fidelity High Yield Factor ETF during the third quarter valued at approximately $1,162,000. JPMorgan Chase & Co. boosted its holdings in Fidelity High Yield Factor ETF by 422.6% during the third quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock valued at $615,000 after purchasing an additional 10,080 shares in the last quarter. Finally, Freestate Advisors LLC acquired a new stake in Fidelity High Yield Factor ETF during the third quarter valued at approximately $286,000.

Fidelity High Yield Factor ETF Stock Down 0.1 %

NYSEARCA FDHY opened at $48.66 on Tuesday. The stock’s 50 day moving average is $48.68 and its two-hundred day moving average is $48.79. Fidelity High Yield Factor ETF has a 1-year low of $47.05 and a 1-year 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.