Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 52-Week High – Should You Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.36 and last traded at $41.24, with a volume of 572785 shares changing hands. The stock had previously closed at $41.15.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.2%

The firm has a 50 day moving average of $38.14 and a 200 day moving average of $38.12. The firm has a market cap of $7.19 billion, a PE ratio of 24.29 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Several institutional investors have recently bought and sold shares of the company. Fragasso Financial Advisors Inc lifted its stake in Fidelity Enhanced Large Cap Core ETF by 4.6% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,606,912 shares of the company’s stock valued at $137,676,000 after purchasing an additional 157,975 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Fidelity Enhanced Large Cap Core ETF by 17.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,329,851 shares of the company’s stock valued at $127,100,000 after purchasing an additional 489,073 shares during the last quarter. KFG Wealth Management LLC lifted its stake in Fidelity Enhanced Large Cap Core ETF by 21.9% in the first quarter. KFG Wealth Management LLC now owns 3,304,054 shares of the company’s stock valued at $119,838,000 after purchasing an additional 593,389 shares during the last quarter. LPL Financial LLC lifted its stake in Fidelity Enhanced Large Cap Core ETF by 12.8% in the fourth quarter. LPL Financial LLC now owns 2,653,482 shares of the company’s stock valued at $101,283,000 after purchasing an additional 301,991 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Fidelity Enhanced Large Cap Core ETF in the first quarter valued at approximately $72,976,000.

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.