Axxcess Wealth Management LLC Reduces Stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Axxcess Wealth Management LLC reduced its stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,649 shares of the company’s stock after selling 14,718 shares during the quarter. Axxcess Wealth Management LLC owned about 0.37% of Fidelity High Yield Factor ETF worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Fidelity High Yield Factor ETF by 422.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock valued at $615,000 after buying an additional 10,080 shares during the period. MML Investors Services LLC increased its position in Fidelity High Yield Factor ETF by 12.1% during the third quarter. MML Investors Services LLC now owns 6,040 shares of the company’s stock valued at $298,000 after acquiring an additional 650 shares during the last quarter. Breakwater Capital Group increased its position in Fidelity High Yield Factor ETF by 27.6% during the fourth quarter. Breakwater Capital Group now owns 12,858 shares of the company’s stock valued at $620,000 after acquiring an additional 2,784 shares during the last quarter. Great Lakes Retirement Inc. raised its stake in shares of Fidelity High Yield Factor ETF by 2.9% in the fourth quarter. Great Lakes Retirement Inc. now owns 24,136 shares of the company’s stock valued at $1,172,000 after acquiring an additional 688 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Fidelity High Yield Factor ETF by 1,652.4% in the 4th quarter. Global Retirement Partners LLC now owns 736 shares of the company’s stock worth $36,000 after acquiring an additional 694 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Down 0.0 %

FDHY opened at $48.50 on Friday. The stock’s 50 day moving average price is $48.66 and its 200-day moving average price is $48.79. Fidelity High Yield Factor ETF has a one year low of $47.05 and a one year high of $49.79.

Fidelity High Yield Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were given a dividend of $0.251 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.