Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 12-Month High – Still a Buy?

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) hit a new 52-week high during trading on Friday . The company traded as high as $38.46 and last traded at $38.3830, with a volume of 113647 shares trading hands. The stock had previously closed at $38.22.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.4%

The company’s fifty day moving average is $37.48 and its 200 day moving average is $35.77. The company has a market capitalization of $5.65 billion, a P/E ratio of 24.29 and a beta of 1.01.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Fidelity Enhanced Large Cap Core ETF by 281.0% in the 1st quarter. Cetera Investment Advisers now owns 45,578 shares of the company’s stock worth $1,422,000 after purchasing an additional 33,615 shares during the period. US Bancorp DE lifted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 18.1% in the first quarter. US Bancorp DE now owns 6,231 shares of the company’s stock worth $194,000 after buying an additional 953 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Fidelity Enhanced Large Cap Core ETF by 20.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $94,000 after acquiring an additional 514 shares during the period. Flagship Wealth Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Core ETF during the first quarter valued at approximately $2,635,000. Finally, HighTower Advisors LLC increased its holdings in Fidelity Enhanced Large Cap Core ETF by 4,506.1% during the 1st quarter. HighTower Advisors LLC now owns 1,225,583 shares of the company’s stock worth $38,226,000 after acquiring an additional 1,198,975 shares during the period.

About Fidelity Enhanced Large Cap Core ETF

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.