Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 1-Year High – Here’s What Happened

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as $43.80 and last traded at $43.7440, with a volume of 117,908 shares changing hands. The stock had previously closed at $43.01.

Fidelity Enhanced Large Cap Value ETF Stock Up 2.1%

The stock has a market cap of $3.73 billion, a PE ratio of 19.73 and a beta of 0.75. The business has a 50 day moving average price of $42.45 and a 200 day moving average price of $39.36.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF during the second quarter worth $1,039,000. JFS Wealth Advisors LLC raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 238.6% in the second quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after acquiring an additional 16,928 shares during the period. Cetera Investment Advisers raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock worth $8,588,000 after acquiring an additional 13,686 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock worth $3,757,000 after acquiring an additional 20,470 shares in the last quarter. Finally, Independence Financial Advisors LLC boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 4.3% during the 3rd quarter. Independence Financial Advisors LLC now owns 700,113 shares of the company’s stock worth $28,964,000 after acquiring an additional 29,003 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.