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 on Wednesday . The stock traded as high as $42.70 and last traded at $42.69, with a volume of 211303 shares trading hands. The stock had previously closed at $42.47.

Fidelity Enhanced Large Cap Core ETF Price Performance

The business has a fifty day moving average of $41.74 and a 200-day moving average of $39.41. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 3.6% in the first quarter. Sequoia Financial Advisors LLC now owns 7,351 shares of the company’s stock valued at $267,000 after buying an additional 258 shares in the last quarter. Geneva Partners LLC boosted its stake in shares of Fidelity Enhanced Large Cap Core ETF by 1.8% during the 4th quarter. Geneva Partners LLC now owns 14,767 shares of the company’s stock worth $564,000 after acquiring an additional 264 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 10.5% in the 1st quarter. Assetmark Inc. now owns 3,035 shares of the company’s stock worth $110,000 after acquiring an additional 289 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Fidelity Enhanced Large Cap Core ETF by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 13,636 shares of the company’s stock worth $520,000 after purchasing an additional 308 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Fidelity Enhanced Large Cap Core ETF by 42.2% during the fourth quarter. IFP Advisors Inc now owns 1,223 shares of the company’s stock worth $47,000 after purchasing an additional 363 shares during the period.

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.