Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 12-Month High – Should You Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares reached a new 52-week high on Friday . The company traded as high as $39.74 and last traded at $39.70, with a volume of 863981 shares changing hands. The stock had previously closed at $39.47.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.6%

The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The company’s fifty day simple moving average is $37.71 and its 200 day simple moving average is $37.88.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Several institutional investors and hedge funds have recently modified their holdings of FELC. Archer Investment Corp acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF in the third quarter valued at $26,000. Ameriflex Group Inc. increased its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock valued at $26,000 after purchasing an additional 343 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $31,000. Rialto Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $34,000.

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.