Evergreen Private Wealth LLC Grows Holdings in Fidelity High Yield Factor ETF $FDHY

Evergreen Private Wealth LLC lifted its position in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,245 shares of the company’s stock after buying an additional 3,246 shares during the quarter. Evergreen Private Wealth LLC owned approximately 0.61% of Fidelity High Yield Factor ETF worth $2,454,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FDHY. Cullen Frost Bankers Inc. purchased a new stake in Fidelity High Yield Factor ETF in the 1st quarter worth approximately $32,000. Golden State Wealth Management LLC lifted its stake in shares of Fidelity High Yield Factor ETF by 101.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock worth $61,000 after purchasing an additional 644 shares during the period. Arete Wealth Advisors LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the first quarter worth $367,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity High Yield Factor ETF by 31.5% during the first quarter. Envestnet Asset Management Inc. now owns 7,805 shares of the company’s stock worth $375,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Breakwater Capital Group grew its position in shares of Fidelity High Yield Factor ETF by 14.0% in the first quarter. Breakwater Capital Group now owns 14,662 shares of the company’s stock valued at $704,000 after purchasing an additional 1,804 shares during the period.

Fidelity High Yield Factor ETF Trading Down 0.2%

NYSEARCA FDHY opened at $49.45 on Friday. The business’s 50-day moving average price is $49.14 and its 200 day moving average price is $48.45. Fidelity High Yield Factor ETF has a twelve month low of $45.41 and a twelve month high of $49.71.

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.