Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sets New 1-Year High – Still a Buy?

Shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) hit a new 52-week high on Tuesday . The stock traded as high as $45.63 and last traded at $45.51, with a volume of 237184 shares traded. The stock had previously closed at $45.42.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

The firm has a market capitalization of $5.80 billion, a PE ratio of 32.16 and a beta of 1.24. The business’s 50 day moving average price is $43.81 and its 200-day moving average price is $42.55.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in Fidelity Enhanced Large Cap Growth ETF by 2.1% during the second quarter. Sequoia Financial Advisors LLC now owns 13,781 shares of the company’s stock worth $603,000 after purchasing an additional 277 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 7.9% in the second quarter. NewEdge Advisors LLC now owns 75,944 shares of the company’s stock valued at $3,323,000 after purchasing an additional 5,553 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter worth approximately $3,659,000. Corient Private Wealth LP lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 10.4% during the 2nd quarter. Corient Private Wealth LP now owns 6,400 shares of the company’s stock worth $280,000 after buying an additional 604 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter valued at approximately $233,000.

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.