Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE) Stock Price Up 0.6% – Here’s Why

Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE)’s share price rose 0.6% during mid-day trading on Tuesday . The company traded as high as $29.00 and last traded at $29.00. Approximately 62,503 shares changed hands during trading, an increase of 20% from the average daily volume of 52,101 shares. The stock had previously closed at $28.82.

Fidelity Yield Enhanced Equity ETF Price Performance

The company’s 50 day simple moving average is $28.70 and its 200 day simple moving average is $27.77. The firm has a market cap of $130.50 million, a price-to-earnings ratio of 24.14 and a beta of 0.77.

Institutional Investors Weigh In On Fidelity Yield Enhanced Equity ETF

A hedge fund recently bought a new stake in Fidelity Yield Enhanced Equity ETF stock. JPMorgan Chase & Co. purchased a new stake in Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,919 shares of the company’s stock, valued at approximately $362,000. JPMorgan Chase & Co. owned approximately 0.46% of Fidelity Yield Enhanced Equity ETF at the end of the most recent reporting period.

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.