Geneva Partners LLC Buys New Shares in Fidelity High Yield Factor ETF $FDHY

Geneva Partners LLC bought a new position in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,077 shares of the company’s stock, valued at approximately $3,402,000. Fidelity High Yield Factor ETF makes up about 1.6% of Geneva Partners LLC’s holdings, making the stock its 24th largest holding. Geneva Partners LLC owned about 0.69% of Fidelity High Yield Factor ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Evergreen Private Wealth LLC lifted its position in shares of 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 acquiring an additional 1,348 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings 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 worth $522,000 after acquiring an additional 263 shares during the last quarter. Breakwater Capital Group raised its position 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 worth $603,000 after purchasing an additional 956 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of Fidelity High Yield Factor ETF during the fourth quarter valued at $25,000. Finally, NWF Advisory Services Inc. lifted its holdings in shares of 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 purchasing an additional 840 shares during the last quarter.

Fidelity High Yield Factor ETF Trading Down 0.2%

NYSEARCA:FDHY opened at $49.10 on Wednesday. The stock has a fifty day simple moving average of $49.13 and a 200 day simple moving average 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.