Independence Financial Advisors LLC Purchases 535,968 Shares of Fidelity Enhanced Large Cap Growth ETF $FELG

Independence Financial Advisors LLC lifted its position in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) by 69.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,310,736 shares of the company’s stock after purchasing an additional 535,968 shares during the quarter. Fidelity Enhanced Large Cap Growth ETF comprises 15.0% of Independence Financial Advisors LLC’s holdings, making the stock its largest position. Independence Financial Advisors LLC owned approximately 1.14% of Fidelity Enhanced Large Cap Growth ETF worth $54,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FELG. Great Valley Advisor Group Inc. increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 2.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 14,217 shares of the company’s stock worth $527,000 after buying an additional 285 shares during the period. Mariner LLC lifted its stake in Fidelity Enhanced Large Cap Growth ETF by 1.3% during the 3rd quarter. Mariner LLC now owns 22,985 shares of the company’s stock valued at $945,000 after acquiring an additional 287 shares during the period. Advisory Services Network LLC lifted its stake in Fidelity Enhanced Large Cap Growth ETF by 3.8% during the 3rd quarter. Advisory Services Network LLC now owns 9,895 shares of the company’s stock valued at $407,000 after acquiring an additional 362 shares during the period. Lido Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 0.6% in the 3rd quarter. Lido Advisors LLC now owns 73,003 shares of the company’s stock valued at $3,002,000 after acquiring an additional 446 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 19.8% in the 3rd quarter. CWM LLC now owns 2,786 shares of the company’s stock valued at $115,000 after acquiring an additional 461 shares during the last quarter.

Fidelity Enhanced Large Cap Growth ETF Price Performance

NYSEARCA:FELG opened at $37.49 on Wednesday. The company’s fifty day moving average price is $39.48 and its 200-day moving average price is $40.78. Fidelity Enhanced Large Cap Growth ETF has a 1-year low of $26.91 and a 1-year high of $43.22. The firm has a market capitalization of $4.27 billion, a P/E ratio of 32.16 and a beta of 1.19.

About Fidelity Enhanced Large Cap Growth ETF

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