Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sets New 52-Week High – Time to Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares hit a new 52-week high on Friday. The stock traded as high as $45.92 and last traded at $45.8790, with a volume of 60463 shares. The stock had previously closed at $45.26.

Fidelity Enhanced Large Cap Growth ETF Stock Up 1.4%

The stock has a fifty day moving average of $44.07 and a 200-day moving average of $42.80. The stock has a market cap of $5.88 billion, a PE ratio of 32.16 and a beta of 1.24.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FELG. MML Investors Services LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 4.7% in the fourth quarter. MML Investors Services LLC now owns 6,343,591 shares of the company’s stock valued at $264,528,000 after acquiring an additional 285,730 shares in the last quarter. Kestra Advisory Services LLC increased its position in Fidelity Enhanced Large Cap Growth ETF by 92.2% during the 1st quarter. Kestra Advisory Services LLC now owns 1,517,007 shares of the company’s stock worth $56,873,000 after purchasing an additional 727,523 shares during the period. Cetera Investment Advisers increased its position in Fidelity Enhanced Large Cap Growth ETF by 118.2% during the 1st quarter. Cetera Investment Advisers now owns 1,253,764 shares of the company’s stock worth $47,004,000 after purchasing an additional 679,248 shares during the period. IAG Wealth Partners LLC raised its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 81,457.0% during the 1st quarter. IAG Wealth Partners LLC now owns 540,723 shares of the company’s stock worth $20,272,000 after buying an additional 540,060 shares in the last quarter. Finally, B&D White Capital Company LLC raised its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 274.0% during the 4th quarter. B&D White Capital Company LLC now owns 275,092 shares of the company’s stock worth $11,471,000 after buying an additional 201,529 shares in the last quarter.

About Fidelity Enhanced Large Cap Growth ETF

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.