Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 12-Month Low – Here’s What Happened

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) hit a new 52-week low during trading on Monday . The company traded as low as $26.90 and last traded at $27.82, with a volume of 611536 shares. The stock had previously closed at $28.23.

Fidelity Enhanced Large Cap Core ETF Stock Up 9.3 %

The stock has a market capitalization of $4.16 billion, a PE ratio of 23.46 and a beta of 0.88. The firm’s fifty day moving average price is $32.22 and its two-hundred day moving average price is $32.78.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds have recently added to or reduced their stakes in FELC. FMR LLC boosted its stake in shares of Fidelity Enhanced Large Cap Core ETF by 37.6% in the 4th quarter. FMR LLC now owns 39,187,804 shares of the company’s stock worth $1,290,454,000 after buying an additional 10,715,354 shares during the last quarter. Fragasso Financial Advisors Inc purchased a new position in Fidelity Enhanced Large Cap Core ETF in the first quarter worth about $82,638,000. Commonwealth Equity Services LLC boosted its position in Fidelity Enhanced Large Cap Core ETF by 87.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,794,682 shares of the company’s stock worth $92,029,000 after purchasing an additional 1,306,722 shares during the last quarter. Salus Financial Advisors LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the 4th quarter valued at about $29,249,000. Finally, JPMorgan Chase & Co. increased its position in shares of Fidelity Enhanced Large Cap Core ETF by 17,256.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 512,004 shares of the company’s stock valued at $16,430,000 after purchasing an additional 509,054 shares during the last quarter.

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.