Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEE) Trading 0% Higher – Time to Buy?

Fidelity Yield Enhanced Equity ETF (NYSEARCA:FYEEGet Free Report)’s stock price rose 0% on Wednesday . The company traded as high as $29.21 and last traded at $29.15. Approximately 74,222 shares traded hands during trading, an increase of 17% from the average daily volume of 63,690 shares. The stock had previously closed at $29.14.

Fidelity Yield Enhanced Equity ETF Trading Up 0.0%

The firm has a market cap of $137.01 million, a P/E ratio of 24.14 and a beta of 0.77. The business’s 50-day moving average is $28.83 and its two-hundred day moving average is $28.06.

Institutional Trading of Fidelity Yield Enhanced Equity ETF

Several hedge funds have recently made changes to their positions in FYEE. Summit Wealth Partners LLC bought a new position in Fidelity Yield Enhanced Equity ETF during the 4th quarter worth $399,000. Wealth Effects LLC bought a new position in shares of Fidelity Yield Enhanced Equity ETF during the fourth quarter worth about $1,089,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Fidelity Yield Enhanced Equity ETF by 137.4% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 15,562 shares of the company’s stock worth $446,000 after acquiring an additional 9,007 shares during the period. Kraematon Investment Advisors Inc. bought a new stake in Fidelity Yield Enhanced Equity ETF in the 4th quarter valued at about $885,000. Finally, Savvy Advisors Inc. bought a new stake in Fidelity Yield Enhanced Equity ETF in the 4th quarter valued at about $500,000.

About Fidelity Yield Enhanced Equity ETF

(Get Free Report)

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.

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