Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 52-Week High – Still a Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $41.62 and last traded at $41.56, with a volume of 7625 shares traded. The stock had previously closed at $41.23.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.7%

The business has a 50 day moving average of $39.98 and a 200 day moving average of $37.55. The company has a market capitalization of $3.23 billion, a P/E ratio of 18.67 and a beta of 0.79.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Hedge funds have recently modified their holdings of the company. Independence Financial Advisors LLC increased its position in Fidelity Enhanced Large Cap Value ETF by 3.6% in the fourth quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after purchasing an additional 32,828 shares during the last quarter. Evansbrook LLC bought a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter valued at $504,000. Pathfinder Wealth Consulting Inc. bought a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter valued at $3,841,000. Alchemi Wealth LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth $580,000. Finally, Summit Wealth Group LLC Co. purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth $1,087,000.

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.