Northwestern Mutual Wealth Management Co. Acquires 45,746 Shares of Fidelity Enhanced Large Cap Growth ETF $FELG

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 649,966 shares of the company’s stock after acquiring an additional 45,746 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.57% of Fidelity Enhanced Large Cap Growth ETF worth $26,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the third quarter valued at approximately $28,000. Russell Investments Group Ltd. bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the second quarter valued at approximately $40,000. Aptus Capital Advisors LLC bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the third quarter valued at approximately $62,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the third quarter valued at approximately $65,000. Finally, Assetmark Inc. bought a new position in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter worth $73,000.

Fidelity Enhanced Large Cap Growth ETF Trading Down 0.8%

FELG opened at $43.58 on Wednesday. The stock has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $40.87. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 32.16 and a beta of 1.21. Fidelity Enhanced Large Cap Growth ETF has a 12-month low of $33.90 and a 12-month high of $44.70.

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.