Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD) Stock Price Down 0.6% – Time to Sell?

Fidelity Sustainable High Yield ETF (NYSEARCA:FSYD)’s share price fell 0.6% on Thursday. The stock traded as low as $46.41 and last traded at $46.48. Approximately 16,488 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 23,587 shares. The stock had previously closed at $46.77.

Fidelity Sustainable High Yield ETF Price Performance

The business has a 50 day simple moving average of $47.28 and a 200 day simple moving average of $48.29. The company has a market capitalization of $139.26 million, a price-to-earnings ratio of 24.19 and a beta of 0.43.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FSYD. Sunbelt Securities Inc. raised its holdings in shares of Fidelity Sustainable High Yield ETF by 29.2% in the 1st quarter. Sunbelt Securities Inc. now owns 39,271 shares of the company’s stock valued at $1,881,000 after purchasing an additional 8,885 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Sustainable High Yield ETF by 289.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,131 shares of the company’s stock worth $1,077,000 after purchasing an additional 16,455 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Fidelity Sustainable High Yield ETF by 68.4% during the 1st quarter. Money Concepts Capital Corp now owns 13,869 shares of the company’s stock worth $664,000 after purchasing an additional 5,634 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Fidelity Sustainable High Yield ETF during the second quarter worth $517,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Fidelity Sustainable High Yield ETF by 293.7% during the first quarter. Kestra Advisory Services LLC now owns 6,051 shares of the company’s stock worth $290,000 after purchasing an additional 4,514 shares in the last quarter.

Fidelity Sustainable High Yield ETF Company Profile

The Fidelity Sustainable High Yield ETF (FSYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that combines a multi-factor quantitative screen, fundamental analysis, and ESG rating to select high-yield bonds issued by global corporations that exhibit sustainability practices. FSYD was launched on Feb 15, 2022 and is managed by Fidelity.