Spectrum Investment Advisors Inc. Sells 30,260 Shares of Fidelity Enhanced Large Cap Growth ETF $FELG

Spectrum Investment Advisors Inc. reduced its stake in shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 646,769 shares of the company’s stock after selling 30,260 shares during the period. Fidelity Enhanced Large Cap Growth ETF makes up 13.5% of Spectrum Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Spectrum Investment Advisors Inc.’s holdings in Fidelity Enhanced Large Cap Growth ETF were worth $26,970,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Baron Wealth Management LLC increased its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 172.2% during the 4th quarter. Baron Wealth Management LLC now owns 38,248 shares of the company’s stock valued at $1,595,000 after purchasing an additional 24,194 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in Fidelity Enhanced Large Cap Growth ETF during the fourth quarter worth $3,075,000. Vantagepoint Investment Advisers LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF during the third quarter worth $338,462,000. Envestnet Asset Management Inc. grew its position in Fidelity Enhanced Large Cap Growth ETF by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 6,140,391 shares of the company’s stock valued at $252,493,000 after buying an additional 198,595 shares during the period. Finally, Merit Financial Group LLC grew its position in Fidelity Enhanced Large Cap Growth ETF by 49.5% during the third quarter. Merit Financial Group LLC now owns 36,708 shares of the company’s stock valued at $1,509,000 after buying an additional 12,147 shares during the period.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

FELG opened at $41.61 on Friday. The company has a fifty day moving average of $39.26 and a two-hundred day moving average of $40.67. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 32.16 and a beta of 1.21. Fidelity Enhanced Large Cap Growth ETF has a fifty-two week low of $30.59 and a fifty-two week high of $43.22.

Fidelity Enhanced Large Cap Growth ETF Profile

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.