Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high on Thursday . The stock traded as high as $44.19 and last traded at $44.18, with a volume of 60846 shares trading hands. The stock had previously closed at $43.90.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.6%

The company has a market capitalization of $8.32 billion, a P/E ratio of 24.29 and a beta of 1.00. The company’s 50-day simple moving average is $42.20 and its 200 day simple moving average is $40.05.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF during the first quarter worth $25,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Core ETF by 1,173.2% in the first quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock worth $33,000 after buying an additional 833 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the 4th quarter worth about $36,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 4th quarter valued at about $38,000.

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.