Strengthening Families & Communities LLC Acquires Shares of 159,326 Fidelity High Yield Factor ETF $FDHY

Strengthening Families & Communities LLC bought a new position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 159,326 shares of the company’s stock, valued at approximately $7,812,000. Fidelity High Yield Factor ETF makes up about 1.8% of Strengthening Families & Communities LLC’s holdings, making the stock its 12th biggest holding. Strengthening Families & Communities LLC owned approximately 1.35% of Fidelity High Yield Factor ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in shares of Fidelity High Yield Factor ETF during the second quarter worth $142,000. Symphony Financial Ltd. Co. purchased a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth about $250,000. Investors Research Corp purchased a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter worth about $10,597,000. Solstein Capital LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the 2nd quarter valued at about $25,000. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Fidelity High Yield Factor ETF in the 2nd quarter valued at approximately $256,000.

Fidelity High Yield Factor ETF Stock Performance

NYSEARCA:FDHY opened at $48.85 on Thursday. The stock’s 50 day moving average price is $49.05 and its 200 day moving average price is $49.09. Fidelity High Yield Factor ETF has a 52 week low of $48.00 and a 52 week 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.