Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 1-Year High – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.52 and last traded at $38.5150, with a volume of 683173 shares. The stock had previously closed at $38.34.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.3%

The stock’s 50-day moving average price is $37.77 and its 200 day moving average price is $36.31. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp acquired a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the third quarter valued at approximately $26,000. Ameriflex Group Inc. grew its holdings in Fidelity Enhanced Large Cap Core ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock valued at $26,000 after buying an additional 343 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Fidelity Enhanced Large Cap Core ETF in the 2nd quarter valued at $39,000. Bank of Montreal Can increased its stake in shares of Fidelity Enhanced Large Cap Core ETF by 32.6% in the 2nd quarter. Bank of Montreal Can now owns 1,221 shares of the company’s stock worth $42,000 after acquiring an additional 300 shares during the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 3rd quarter worth $42,000.

About Fidelity Enhanced Large Cap Core ETF

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.