Fidelity High Yield Factor ETF (NYSEARCA:FDHY) Sees Unusually-High Trading Volume – What’s Next?

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) shares saw an uptick in trading volume on Friday . 75,245 shares changed hands during trading, a decline of 5% from the previous session’s volume of 79,349 shares.The stock last traded at $49.13 and had previously closed at $49.19.

Fidelity High Yield Factor ETF Stock Down 0.0%

The company has a 50 day moving average of $49.03 and a 200 day moving average of $49.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC raised its stake in shares of Fidelity High Yield Factor ETF by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 10,759 shares of the company’s stock valued at $522,000 after purchasing an additional 263 shares in the last quarter. Foronjy Financial LLC lifted its position in shares of Fidelity High Yield Factor ETF by 4.6% during the fourth quarter. Foronjy Financial LLC now owns 8,736 shares of the company’s stock worth $431,000 after purchasing an additional 381 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Fidelity High Yield Factor ETF by 3.5% during the fourth 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 last quarter. NewEdge Advisors LLC lifted its position in shares of Fidelity High Yield Factor ETF by 69.1% during the third 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 last quarter. Finally, Sigma Planning Corp raised its stake in Fidelity High Yield Factor ETF by 2.2% during the first quarter. Sigma Planning Corp now owns 21,011 shares of the company’s stock valued at $1,020,000 after buying an additional 457 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.