Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 12-Month High – Here’s Why

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) reached a new 52-week high during trading on Monday . The company traded as high as $42.82 and last traded at $42.81, with a volume of 46345 shares trading hands. The stock had previously closed at $42.57.

Fidelity Enhanced Large Cap Core ETF Stock Up 1.6%

The company has a market cap of $8.26 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The firm has a 50 day moving average price of $42.02 and a two-hundred day moving average price of $39.81.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Core ETF by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,351 shares of the company’s stock worth $267,000 after purchasing an additional 258 shares during the period. Geneva Partners LLC raised its stake in Fidelity Enhanced Large Cap Core ETF by 1.8% during the fourth quarter. Geneva Partners LLC now owns 14,767 shares of the company’s stock worth $564,000 after buying an additional 264 shares during the last quarter. Assetmark Inc. raised its stake in Fidelity Enhanced Large Cap Core ETF by 10.5% during the first quarter. Assetmark Inc. now owns 3,035 shares of the company’s stock worth $110,000 after buying an additional 289 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Fidelity Enhanced Large Cap Core ETF by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 13,636 shares of the company’s stock valued at $520,000 after buying an additional 308 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Fidelity Enhanced Large Cap Core ETF by 42.2% in the fourth quarter. IFP Advisors Inc now owns 1,223 shares of the company’s stock valued at $47,000 after buying an additional 363 shares during the period.

Fidelity Enhanced Large Cap Core ETF Company Profile

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.