Raymond James Financial Inc. Invests $2.59 Million in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Raymond James Financial Inc. bought a new stake in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,698 shares of the company’s stock, valued at approximately $2,591,000.

Several other large investors have also recently added to or reduced their stakes in FDHY. Flavin Financial Services Inc. purchased a new stake in Fidelity High Yield Factor ETF in the 4th quarter valued at about $3,558,000. Financial Management Professionals Inc. grew its holdings in Fidelity High Yield Factor ETF by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 411,846 shares of the company’s stock valued at $19,872,000 after purchasing an additional 17,045 shares during the period. JPMorgan Chase & Co. increased its position in Fidelity High Yield Factor ETF by 422.6% during the third quarter. JPMorgan Chase & Co. now owns 12,465 shares of the company’s stock worth $615,000 after purchasing an additional 10,080 shares during the last quarter. Dentgroup LLC raised its stake in Fidelity High Yield Factor ETF by 18.2% during the fourth quarter. Dentgroup LLC now owns 26,664 shares of the company’s stock worth $1,287,000 after purchasing an additional 4,097 shares during the period. Finally, Breakwater Capital Group boosted its holdings in shares of Fidelity High Yield Factor ETF by 27.6% in the 4th quarter. Breakwater Capital Group now owns 12,858 shares of the company’s stock valued at $620,000 after purchasing an additional 2,784 shares during the last quarter.

Fidelity High Yield Factor ETF Stock Performance

FDHY stock opened at $47.95 on Friday. The business has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $48.77. Fidelity High Yield Factor ETF has a 52 week low of $47.05 and a 52 week high of $49.79.

Fidelity High Yield Factor ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th will be paid a dividend of $0.251 per share. The ex-dividend date is Friday, March 28th.

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.