Strengthening Families & Communities LLC Takes Position in Fidelity High Yield Factor ETF $FDHY

Strengthening Families & Communities LLC purchased a new stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 159,326 shares of the company’s stock, valued at approximately $7,812,000. Fidelity High Yield Factor ETF makes up 1.8% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 10,759 shares of the company’s stock valued at $522,000 after acquiring an additional 263 shares during the period. Cibc World Market Inc. increased its position in shares of Fidelity High Yield Factor ETF by 3.5% during the 4th quarter. Cibc World Market Inc. now owns 11,870 shares of the company’s stock worth $586,000 after purchasing an additional 405 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Fidelity High Yield Factor ETF by 69.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock valued at $51,000 after purchasing an additional 425 shares during the last quarter. Sigma Planning Corp lifted its holdings in Fidelity High Yield Factor ETF by 2.2% during the 1st quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after purchasing an additional 457 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Fidelity High Yield Factor ETF by 9.8% in the fourth quarter. Cetera Investment Advisers now owns 5,485 shares of the company’s stock valued at $271,000 after buying an additional 489 shares in the last quarter.

Fidelity High Yield Factor ETF Stock Down 0.0%

NYSEARCA FDHY opened at $48.85 on Thursday. The company has a 50 day moving average of $49.05 and a 200-day moving average of $49.09. Fidelity High Yield Factor ETF has a 1-year low of $48.00 and a 1-year high of $49.71.

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.