Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Strong Trading Volume – Here’s What Happened

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) saw strong trading volume on Thursday . Approximately 249,612 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 80,040 shares.The stock last traded at $48.74 and had previously closed at $48.85.

Fidelity High Yield Factor ETF Price Performance

The stock has a 50-day moving average price of $49.02 and a two-hundred day moving average price of $49.06.

Institutional Trading of Fidelity High Yield Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its holdings in Fidelity High Yield Factor ETF by 2.5% in 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 in the last quarter. Cibc World Market Inc. lifted its position in shares of Fidelity High Yield Factor ETF by 3.5% in 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 during the period. NewEdge Advisors LLC lifted its position in shares of Fidelity High Yield Factor ETF by 69.1% in the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after purchasing an additional 425 shares during the period. Sigma Planning Corp boosted its stake in shares of 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 in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Fidelity High Yield Factor ETF by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 5,485 shares of the company’s stock valued at $271,000 after purchasing an additional 489 shares in the last quarter.

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.