Investors Research Corp Invests $10.60 Million in Fidelity High Yield Factor ETF $FDHY

Investors Research Corp bought a new stake in shares of Fidelity High Yield Factor ETF (NYSEARCA:FDHY) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 216,139 shares of the company’s stock, valued at approximately $10,597,000. Fidelity High Yield Factor ETF accounts for approximately 1.9% of Investors Research Corp’s holdings, making the stock its 12th largest holding.

Several other large investors have also recently made changes to their positions in FDHY. Solstein Capital LLC purchased a new stake in Fidelity High Yield Factor ETF during the second quarter worth $25,000. Rehmann Capital Advisory Group purchased a new position in Fidelity High Yield Factor ETF in the second quarter valued at $256,000. Breakwater Capital Group increased its holdings in Fidelity High Yield Factor ETF by 19.9% in the second quarter. Breakwater Capital Group now owns 14,906 shares of the company’s stock valued at $731,000 after buying an additional 2,478 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of Fidelity High Yield Factor ETF by 1.8% in the second quarter. Moody National Bank Trust Division now owns 118,644 shares of the company’s stock worth $5,817,000 after acquiring an additional 2,112 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Fidelity High Yield Factor ETF by 382.5% in the first quarter. Cetera Investment Advisers now owns 26,465 shares of the company’s stock worth $1,285,000 after acquiring an additional 20,980 shares during the period.

Fidelity High Yield Factor ETF Price Performance

FDHY stock opened at $48.86 on Wednesday. The company’s 50-day simple moving average is $49.05 and its 200-day simple moving average is $49.10. Fidelity High Yield Factor ETF has a 52-week low of $48.00 and a 52-week 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.