Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 1-Year High – Should You Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares reached a new 52-week high during trading on Thursday . The company traded as high as $44.76 and last traded at $44.62, with a volume of 83655 shares trading hands. The stock had previously closed at $44.46.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

The stock’s 50-day moving average is $41.03 and its 200 day moving average is $40.96. The firm has a market cap of $5.64 billion, a P/E ratio of 32.16 and a beta of 1.21.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of large investors have recently made changes to their positions in the company. Baron Wealth Management LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 172.2% in the 4th quarter. Baron Wealth Management LLC now owns 38,248 shares of the company’s stock worth $1,595,000 after purchasing an additional 24,194 shares during the period. Greenwood Capital Associates LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 44.8% in the 4th quarter. Greenwood Capital Associates LLC now owns 95,010 shares of the company’s stock worth $3,962,000 after purchasing an additional 29,400 shares during the period. Savvy Advisors Inc. acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter worth $3,075,000. Vantagepoint Investment Advisers LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 4.9% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock worth $360,038,000 after purchasing an additional 402,930 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,140,391 shares of the company’s stock worth $252,493,000 after purchasing an additional 198,595 shares during the period.

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.