Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 12-Month High – Time to Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG)’s share price reached a new 52-week high on Tuesday . The company traded as high as $41.49 and last traded at $41.43, with a volume of 293275 shares traded. The stock had previously closed at $41.09.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.5%

The business has a 50-day moving average price of $39.05 and a two-hundred day moving average price of $35.45. The firm has a market cap of $4.07 billion, a PE ratio of 32.16 and a beta of 1.14.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the second quarter worth $424,000. Captrust Financial Advisors increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 11.6% in the second quarter. Captrust Financial Advisors now owns 10,634 shares of the company’s stock valued at $394,000 after buying an additional 1,104 shares during the last quarter. Redwood Financial Network Corp increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 4.3% in the second quarter. Redwood Financial Network Corp now owns 24,448 shares of the company’s stock valued at $905,000 after buying an additional 1,014 shares during the last quarter. MML Investors Services LLC increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 20.4% in the second quarter. MML Investors Services LLC now owns 5,981,257 shares of the company’s stock valued at $221,486,000 after buying an additional 1,011,892 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 2.0% in the second quarter. Great Valley Advisor Group Inc. now owns 14,217 shares of the company’s stock valued at $527,000 after buying an additional 285 shares during the last quarter.

About Fidelity Enhanced Large Cap Growth ETF

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