Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 12-Month High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.24 and last traded at $39.24, with a volume of 7220 shares traded. The stock had previously closed at $38.58.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.6%

The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.67 and a beta of 0.82. The company’s 50-day moving average is $36.67 and its 200-day moving average is $35.75.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

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

About Fidelity Enhanced Large Cap Value ETF

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.