Fidelity High Yield Factor ETF Declares Monthly Dividend of $0.24 (NYSEARCA:FDHY)

Fidelity High Yield Factor ETF (NYSEARCA:FDHY) declared a monthly dividend on Wednesday, January 28th. Shareholders of record on Thursday, January 29th will be given a dividend of 0.236 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 29th.

Fidelity High Yield Factor ETF Trading Up 0.1%

Shares of NYSEARCA FDHY opened at $49.62 on Thursday. Fidelity High Yield Factor ETF has a 1-year low of $45.41 and a 1-year high of $49.71. The business’s 50 day moving average is $49.38 and its 200-day moving average is $49.22.

Hedge Funds Weigh In On Fidelity High Yield Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Fidelity High Yield Factor ETF by 69.1% in the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the company’s stock worth $51,000 after buying an additional 425 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Fidelity High Yield Factor ETF by 148.9% during the second quarter. Golden State Wealth Management LLC now owns 1,593 shares of the company’s stock worth $78,000 after buying an additional 953 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Fidelity High Yield Factor ETF during the third quarter worth about $121,000. Clearstead Trust LLC increased its stake in shares of Fidelity High Yield Factor ETF by 2,056.8% during the third quarter. Clearstead Trust LLC now owns 3,343 shares of the company’s stock worth $165,000 after purchasing an additional 3,188 shares in the last quarter. Finally, CWM LLC purchased a new position in Fidelity High Yield Factor ETF in the second quarter worth approximately $209,000.

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.