Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 52-Week High – Time to Buy?

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

Fidelity Enhanced Large Cap Core ETF Price Performance

The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The business’s 50 day simple moving average is $38.26 and its 200 day simple moving average is $38.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Fragasso Financial Advisors Inc increased 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 period. Commonwealth Equity Services LLC increased 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 period. KFG Wealth Management LLC increased 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 period. LPL Financial LLC increased 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 period. Finally, Goldman Sachs Group Inc. acquired a new position in Fidelity Enhanced Large Cap Core ETF in the first quarter valued at $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.