Geneva Partners LLC Purchases New Holdings in Fidelity High Yield Factor ETF $FDHY

Geneva Partners LLC acquired a new position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the first quarter, Holdings Channel reports. The firm acquired 70,077 shares of the company’s stock, valued at approximately $3,402,000. Fidelity High Yield Factor ETF accounts for 1.6% of Geneva Partners LLC’s portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evergreen Private Wealth LLC raised its stake in Fidelity High Yield Factor ETF by 2.5% during the 1st quarter. Evergreen Private Wealth LLC now owns 54,451 shares of the company’s stock valued at $2,643,000 after purchasing an additional 1,348 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of Fidelity High Yield Factor ETF by 2.5% in the first quarter. Kestra Private Wealth Services LLC now owns 10,759 shares of the company’s stock worth $522,000 after buying an additional 263 shares during the period. Breakwater Capital Group grew its holdings in shares of Fidelity High Yield Factor ETF by 8.3% during the first quarter. Breakwater Capital Group now owns 12,428 shares of the company’s stock valued at $603,000 after buying an additional 956 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Fidelity High Yield Factor ETF during the fourth quarter valued at $25,000. Finally, NWF Advisory Services Inc. raised its position in Fidelity High Yield Factor ETF by 11.3% during the fourth quarter. NWF Advisory Services Inc. now owns 8,278 shares of the company’s stock valued at $408,000 after buying an additional 840 shares during the period.

Fidelity High Yield Factor ETF Price Performance

Shares of Fidelity High Yield Factor ETF stock opened at $49.10 on Wednesday. The stock has a 50-day moving average price of $49.13 and a 200 day moving average price of $49.22. Fidelity High Yield Factor ETF has a 1 year low of $48.00 and a 1 year high of $49.71.

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. FDHY was launched on Jun 12, 2018 and is managed by Fidelity.