Commonwealth Equity Services LLC Reduces Fidelity High Yield Factor ETF Holdings

Commonwealth Equity Services LLC has significantly decreased its investment in the Fidelity High Yield Factor ETF (NYSEARCA:FDHY), offloading 9,146 shares and bringing its total share count down to 130,871. This sell-off, amounting to a 6.5% reduction, was revealed in the latest Form 13F filing with the SEC, and at the time of filing, the value of Commonwealth Equity Services LLC's holdings in FDHY stood at approximately $5.98 million.

Investment Changes by Other Firms

There's been a noticeable shift in positions among various institutional investors in the Fidelity High Yield Factor ETF. Notably, UBS Group AG increased its FDHY shareholding by a striking 453.2% during the third quarter, adding 494 shares for a new total of 603, worth around $27,000. On the other hand, Fortis Capital Advisors LLC initiated a new stake in the ETF in the fourth quarter, estimated to be valued at $29,000. Similarly, a new position was also taken by Bank of America Corp DE, estimated at $40,000 in the same quarter. Additionally, Sunbelt Securities Inc. early in the second quarter, decided to engage with FDHY shares, investing about $162,000. Moreover, the first quarter saw Advisors Asset Management Inc. bolster its FDHY stake by a formidable 79.5%, representing an additional 1,414 shares, now owning a total of 3,193 shares valued at roughly $163,000.

FDHY Stock Performance Update

On the performance front, FDHY stock was trading at $47.83 as of the latest update. The ETF has been following a steady price trend, reflected by its 50-day and 200-day simple moving averages standing at $47.08 and $46.46, respectively. Over the past year, FDHY has touched a low of $44.64 and reached a high of $48.46.

Dividend Hike for Investors

Fidelity High Yield Factor ETF has announced a dividend increase, paying out $0.29 on November 1st to shareholders recorded on October 30th. The ex-dividend date was set as October 27th, bumping up from a previous dividend of $0.25.

Understanding Fidelity High Yield Factor ETF

The Fidelity High Yield Factor ETF is particularly engaged in the investment of high yield fixed income assets, relying on a quantitative strategy to pick out corporate bonds that offer high yields from issuers in the United States and abroad. The fund is not only seeking to provide a robust income stream but is also open to potential capital appreciation opportunities.

Commonwealth, Equity, Reduction