Summit Wealth Group LLC Co. Takes $1.09 Million Position in Fidelity Enhanced Large Cap Value ETF $FELV

Summit Wealth Group LLC Co. purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,351 shares of the company’s stock, valued at approximately $1,087,000.

A number of other hedge funds also recently made changes to their positions in FELV. Royal Bank of Canada raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 113.0% during the first quarter. Royal Bank of Canada now owns 147,474 shares of the company’s stock valued at $4,533,000 after buying an additional 78,251 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 86.8% during the second quarter. Raymond James Financial Inc. now owns 126,084 shares of the company’s stock valued at $4,006,000 after buying an additional 58,582 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 39.4% during the third quarter. J.W. Cole Advisors Inc. now owns 149,907 shares of the company’s stock valued at $5,026,000 after buying an additional 42,383 shares during the last quarter. Independence Financial Advisors LLC raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.6% during the fourth quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock valued at $32,897,000 after buying an additional 32,828 shares during the last quarter. Finally, Sowa Financial Group Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.5% during the fourth quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock valued at $22,462,000 after buying an additional 21,757 shares during the last quarter.

Fidelity Enhanced Large Cap Value ETF Trading Down 0.2%

FELV opened at $38.39 on Wednesday. The business’s 50 day moving average is $36.19 and its 200-day moving average is $35.44. The stock has a market cap of $2.94 billion, a PE ratio of 18.67 and a beta of 0.82. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $30.13 and a twelve month high of $38.51.

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.