Dentgroup LLC Trims Stock Holdings in Fidelity High Yield Factor ETF $FDHY

Dentgroup LLC trimmed its holdings in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 0.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 47,215 shares of the company’s stock after selling 357 shares during the period. Fidelity High Yield Factor ETF comprises approximately 1.6% of Dentgroup LLC’s portfolio, making the stock its 19th largest holding. Dentgroup LLC’s holdings in Fidelity High Yield Factor ETF were worth $2,306,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fidelity High Yield Factor ETF by 112.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 63,349 shares of the company’s stock worth $3,043,000 after buying an additional 33,599 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity High Yield Factor ETF by 31.5% in the first quarter. Envestnet Asset Management Inc. now owns 7,805 shares of the company’s stock worth $375,000 after buying an additional 1,868 shares during the period. LPL Financial LLC raised its holdings in shares of Fidelity High Yield Factor ETF by 0.4% in the first quarter. LPL Financial LLC now owns 353,624 shares of the company’s stock worth $16,988,000 after buying an additional 1,348 shares during the period. BG Investment Services Inc. raised its holdings in shares of Fidelity High Yield Factor ETF by 68.8% in the first quarter. BG Investment Services Inc. now owns 30,275 shares of the company’s stock worth $1,454,000 after buying an additional 12,341 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Fidelity High Yield Factor ETF by 13.2% in the first quarter. Raymond James Financial Inc. now owns 60,778 shares of the company’s stock worth $2,920,000 after buying an additional 7,080 shares during the period.

Fidelity High Yield Factor ETF Trading Down 0.1%

Shares of NYSEARCA FDHY opened at $49.39 on Friday. The business’s 50 day moving average price is $49.00 and its 200-day moving average price is $48.40. Fidelity High Yield Factor ETF has a fifty-two week low of $45.41 and a fifty-two week high of $49.79.

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.