Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 12-Month High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.76 and last traded at $35.6990, with a volume of 49378 shares traded. The stock had previously closed at $35.66.

Fidelity Enhanced Large Cap Value ETF Price Performance

The company’s fifty day moving average price is $34.44 and its 200 day moving average price is $33.39. The company has a market cap of $2.61 billion, a PE ratio of 18.67 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock valued at $60,506,000 after purchasing an additional 76,667 shares during the period. Independence Financial Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 4.9% during the 3rd quarter. Independence Financial Advisors LLC now owns 916,296 shares of the company’s stock valued at $30,723,000 after buying an additional 42,765 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 25.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 842,672 shares of the company’s stock worth $26,772,000 after acquiring an additional 173,460 shares during the period. Sowa Financial Group Inc. grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 2.8% during the 3rd quarter. Sowa Financial Group Inc. now owns 626,311 shares of the company’s stock worth $21,000,000 after acquiring an additional 16,793 shares during the period. Finally, Weil Company Inc. purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter worth about $8,054,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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