Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Stock Breaks Above 50 Day Moving Average – Should You Sell?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $43.60 and traded as high as $43.68. Fidelity Enhanced Large Cap Core ETF shares last traded at $43.64, with a volume of 2,101,302 shares traded.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.3%

The firm has a market capitalization of $8.77 billion, a P/E ratio of 24.29 and a beta of 1.00. The business has a 50-day moving average price of $43.60 and a 200-day moving average price of $40.94.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds have recently made changes to their positions in the business. Fragasso Financial Advisors Inc bought a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 3rd quarter worth about $170,287,000. KFG Wealth Management LLC boosted its position in shares of Fidelity Enhanced Large Cap Core ETF by 4.5% during the 3rd quarter. KFG Wealth Management LLC now owns 3,642,184 shares of the company’s stock valued at $157,779,000 after acquiring an additional 157,236 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Core ETF by 96.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,712,785 shares of the company’s stock valued at $155,603,000 after acquiring an additional 1,819,688 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Large Cap Core ETF by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 2,145,974 shares of the company’s stock valued at $89,938,000 after acquiring an additional 78,512 shares during the period. Finally, Citadel Advisors LLC increased its stake in Fidelity Enhanced Large Cap Core ETF by 1,986.2% in the second quarter. Citadel Advisors LLC now owns 2,121,806 shares of the company’s stock valued at $88,925,000 after acquiring an additional 2,020,098 shares during the period.

Fidelity Enhanced Large Cap Core ETF Company Profile

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.