Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE) Stock Price Down 0.3% – What’s Next?

Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE)’s share price was down 0.3% during mid-day trading on Thursday . The company traded as low as $28.75 and last traded at $28.82. Approximately 119,522 shares were traded during mid-day trading, an increase of 89% from the average daily volume of 63,152 shares. The stock had previously closed at $28.90.

Fidelity Yield Enhanced Equity ETF Stock Up 0.9%

The business has a 50-day moving average price of $28.91 and a 200-day moving average price of $28.34. The firm has a market capitalization of $142.49 million, a price-to-earnings ratio of 24.14 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roxbury Financial LLC raised its position in Fidelity Yield Enhanced Equity ETF by 225.2% during the fourth quarter. Roxbury Financial LLC now owns 1,626 shares of the company’s stock valued at $47,000 after acquiring an additional 1,126 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Fidelity Yield Enhanced Equity ETF by 696.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock worth $66,000 after buying an additional 2,000 shares in the last quarter. Advisory Resource Group increased its holdings in Fidelity Yield Enhanced Equity ETF by 1.2% in the fourth quarter. Advisory Resource Group now owns 275,109 shares of the company’s stock valued at $7,890,000 after buying an additional 3,161 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Fidelity Yield Enhanced Equity ETF by 52.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 13,973 shares of the company’s stock worth $403,000 after acquiring an additional 4,790 shares during the period. Finally, Royal Bank of Canada acquired a new position in shares of Fidelity Yield Enhanced Equity ETF in the fourth quarter worth about $147,000.

About Fidelity Yield Enhanced Equity ETF

Fidelity Yield Enhanced Equity ETF (NYSEARCA: FYEE) is an exchange-traded fund managed by Fidelity Investments and listed on the NYSE Arca. The fund is positioned to provide investors with equity market exposure combined with an income-oriented objective, making it a potential choice for investors seeking yield from an equity allocation within a diversified portfolio.

The ETF builds a portfolio of stocks and employs income-focused strategies designed to enhance distributions to shareholders.