Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 1-Year High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares reached a new 52-week high on Tuesday . The stock traded as high as $36.73 and last traded at $36.64, with a volume of 116645 shares traded. The stock had previously closed at $36.63.

Fidelity Enhanced Large Cap Value ETF Price Performance

The business’s 50 day moving average price is $35.43 and its 200-day moving average price is $34.01. The company has a market cap of $2.72 billion, a P/E ratio of 18.67 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Founders Financial Alliance LLC bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the third quarter worth $25,000. Holos Integrated Wealth LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth about $31,000. Assetmark Inc. raised its holdings in Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock worth $51,000 after purchasing an additional 950 shares during the last quarter. Bogart Wealth LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the 2nd quarter valued at about $66,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after purchasing an additional 1,867 shares during 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.