BG Investment Services Inc. Makes New Investment in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

BG Investment Services Inc. bought a new stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,934 shares of the company’s stock, valued at approximately $865,000. Fidelity High Yield Factor ETF makes up approximately 0.9% of BG Investment Services Inc.’s portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sunbelt Securities Inc. grew its stake in Fidelity High Yield Factor ETF by 11.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,771 shares of the company’s stock valued at $235,000 after purchasing an additional 486 shares during the period. Golden State Wealth Management LLC bought a new position in Fidelity High Yield Factor ETF during the fourth quarter valued at about $31,000. MML Investors Services LLC increased its holdings 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 worth $298,000 after buying an additional 650 shares during the last quarter. Great Lakes Retirement Inc. raised its position in 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 worth $1,172,000 after acquiring an additional 688 shares during the period. Finally, Sigma Planning Corp boosted its stake in Fidelity High Yield Factor ETF by 3.2% in the fourth quarter. Sigma Planning Corp now owns 22,490 shares of the company’s stock valued at $1,085,000 after acquiring an additional 690 shares during the last quarter.

Fidelity High Yield Factor ETF Price Performance

Fidelity High Yield Factor ETF stock opened at $48.55 on Wednesday. The firm has a 50 day moving average price of $48.68 and a 200-day moving average price of $48.78. Fidelity High Yield Factor ETF has a twelve month low of $47.05 and a twelve month high of $49.79.

Fidelity High Yield Factor ETF Cuts Dividend

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

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.