Axxcess Wealth Management LLC Buys Shares of 38,313 Fidelity High Yield Factor ETF (NYSEARCA:FDHY)

Axxcess Wealth Management LLC purchased a new stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,313 shares of the company’s stock, valued at approximately $1,830,000. Axxcess Wealth Management LLC owned approximately 0.60% of Fidelity High Yield Factor ETF at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FDHY. Larson Financial Group LLC acquired a new stake in Fidelity High Yield Factor ETF in the second quarter valued at $38,000. Principal Securities Inc. bought a new position in shares of Fidelity High Yield Factor ETF during the fourth quarter worth about $50,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity High Yield Factor ETF by 26.4% in the first quarter. Sunbelt Securities Inc. now owns 4,257 shares of the company’s stock worth $204,000 after acquiring an additional 888 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Fidelity High Yield Factor ETF during the 4th quarter valued at $212,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Fidelity High Yield Factor ETF during the first quarter worth $219,000.

Fidelity High Yield Factor ETF Stock Up 0.1 %

FDHY stock opened at $49.30 on Thursday. Fidelity High Yield Factor ETF has a fifty-two week low of $44.64 and a fifty-two week high of $49.53. The stock’s 50 day simple moving average is $48.68 and its 200 day simple moving average is $48.11.

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.