Fidelity Yield Enhanced Equity ETF (BATS:FYEE) Trading Down 1.2% – Here’s What Happened

Shares of Fidelity Yield Enhanced Equity ETF (BATS:FYEE) traded down 1.2% on Thursday . The company traded as low as $28.38 and last traded at $28.40. 50,639 shares changed hands during trading, a decline of 14% from the average session volume of 59,145 shares. The stock had previously closed at $28.74.

Fidelity Yield Enhanced Equity ETF Price Performance

The firm has a 50 day moving average price of $28.90 and a 200-day moving average price of $28.50. The firm has a market cap of $14.12 million, a price-to-earnings ratio of 24.14 and a beta of 1.00.

Institutional Investors Weigh In On Fidelity Yield Enhanced Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its holdings in Fidelity Yield Enhanced Equity ETF by 696.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,287 shares of the company’s stock valued at $66,000 after buying an additional 2,000 shares during the period. NewEdge Advisors LLC grew its holdings in Fidelity Yield Enhanced Equity ETF by 31.1% during the 4th quarter. NewEdge Advisors LLC now owns 74,570 shares of the company’s stock worth $2,139,000 after acquiring an additional 17,698 shares during the period. Cetera Investment Advisers acquired a new stake in Fidelity Yield Enhanced Equity ETF during the 4th quarter worth $2,784,000. Royal Bank of Canada bought a new stake in shares of Fidelity Yield Enhanced Equity ETF during the 4th quarter valued at $147,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Fidelity Yield Enhanced Equity ETF during the 4th quarter valued at $1,994,000.

About Fidelity Yield Enhanced Equity ETF

The Fidelity Yield Enhanced Equity ETF (FYEE) is an exchange-traded fund that trades on the BATS exchange in the United States.