MML Investors Services LLC Increases Stock Position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

MML Investors Services LLC increased its holdings in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,040 shares of the company’s stock after buying an additional 650 shares during the period. MML Investors Services LLC owned 0.10% of Fidelity High Yield Factor ETF worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Larson Financial Group LLC bought a new position in shares of Fidelity High Yield Factor ETF in the second quarter worth $38,000. Freestate Advisors LLC bought a new position in Fidelity High Yield Factor ETF in the 3rd quarter worth about $286,000. Sigma Planning Corp grew its holdings in Fidelity High Yield Factor ETF by 1.9% during the 3rd quarter. Sigma Planning Corp now owns 21,800 shares of the company’s stock valued at $1,075,000 after buying an additional 404 shares in the last quarter. Dentgroup LLC purchased a new position in Fidelity High Yield Factor ETF during the 3rd quarter valued at about $1,113,000. Finally, Great Lakes Retirement Inc. bought a new stake in shares of Fidelity High Yield Factor ETF during the third quarter valued at about $1,162,000.

Fidelity High Yield Factor ETF Stock Performance

FDHY stock opened at $48.63 on Thursday. The firm has a 50 day moving average of $48.82 and a 200-day moving average of $48.68. Fidelity High Yield Factor ETF has a 12 month low of $47.05 and a 12 month 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.