Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Unusually-High Trading Volume – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV – Get Free Report) shares saw an uptick in trading volume on Monday. Approximately 370,843 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 230,310 shares. The stock last traded at $43.3560 and had previously closed at $42.62.

Fidelity Enhanced Large Cap Value ETF Trading Up 2.1%

The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.73 and a beta of 0.75. The firm’s 50-day moving average is $42.46 and its 200 day moving average is $39.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FELV. Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at about $25,000. IFG Advisory LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 153.7% in the third quarter. IFG Advisory LLC now owns 1,007 shares of the company’s stock worth $42,000 after acquiring an additional 610 shares during the period. Latitude Advisors LLC acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF in the third quarter worth approximately $72,000. Mosley Wealth Management bought a new stake in Fidelity Enhanced Large Cap Value ETF in the third quarter valued at approximately $194,000. Finally, CoreCap Advisors LLC boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 27.6% in the second quarter. CoreCap Advisors LLC now owns 4,581 shares of the company’s stock valued at $184,000 after acquiring an additional 992 shares during the last quarter.

About Fidelity Enhanced Large Cap Value ETF

(Get Free Report)

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.

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