Fragasso Financial Advisors Inc Makes New Investment in Fidelity Enhanced Large Cap Core ETF $FELC

Fragasso Financial Advisors Inc purchased a new stake in Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,856,144 shares of the company’s stock, valued at approximately $170,287,000. Fidelity Enhanced Large Cap Core ETF comprises about 8.6% of Fragasso Financial Advisors Inc’s investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Midwest Financial Network LLC bought a new position in shares of Fidelity Enhanced Large Cap Core ETF in the 3rd quarter valued at about $2,950,000. Apella Capital LLC raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 4.0% in the 3rd quarter. Apella Capital LLC now owns 11,345 shares of the company’s stock valued at $500,000 after purchasing an additional 441 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 24.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,264 shares of the company’s stock valued at $2,023,000 after purchasing an additional 9,505 shares during the period. Envestnet Asset Management Inc. lifted its stake in Fidelity Enhanced Large Cap Core ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,145,974 shares of the company’s stock valued at $89,938,000 after purchasing an additional 78,512 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Fidelity Enhanced Large Cap Core ETF by 5.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,783 shares of the company’s stock valued at $326,000 after purchasing an additional 432 shares during the last quarter.

Fidelity Enhanced Large Cap Core ETF Stock Performance

Fidelity Enhanced Large Cap Core ETF stock traded down $0.07 during midday trading on Tuesday, reaching $44.05. 186,542 shares of the company’s stock were exchanged, compared to its average volume of 932,669. Fidelity Enhanced Large Cap Core ETF has a 52 week low of $35.10 and a 52 week high of $44.36. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The stock’s 50-day simple moving average is $43.69 and its 200 day simple moving average is $41.77.

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.