Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – Should You Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $39.50 and last traded at $39.50, with a volume of 530 shares traded. The stock had previously closed at $38.29.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.8%

The firm’s 50-day moving average price is $36.47 and its two-hundred day moving average price is $35.64. The firm has a market capitalization of $2.95 billion, a PE ratio of 18.67 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dunhill Financial LLC grew its position in Fidelity Enhanced Large Cap Value ETF by 2.3% during the fourth quarter. Dunhill Financial LLC now owns 13,680 shares of the company’s stock valued at $474,000 after purchasing an additional 308 shares in the last quarter. Vestia Personal Wealth Advisors grew its position in Fidelity Enhanced Large Cap Value ETF by 1.5% during the fourth quarter. Vestia Personal Wealth Advisors now owns 34,146 shares of the company’s stock valued at $1,221,000 after purchasing an additional 493 shares in the last quarter. Clarity Asset Management Inc. grew its position in Fidelity Enhanced Large Cap Value ETF by 3.0% during the fourth quarter. Clarity Asset Management Inc. now owns 18,103 shares of the company’s stock valued at $627,000 after purchasing an additional 524 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Fidelity Enhanced Large Cap Value ETF by 3.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,177 shares of the company’s stock valued at $542,000 after purchasing an additional 538 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Fidelity Enhanced Large Cap Value ETF by 6.4% during the first quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $356,000 after purchasing an additional 616 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

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