Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – Should You Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $40.59 and last traded at $40.57, with a volume of 29461 shares changing hands. The stock had previously closed at $40.18.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The business has a 50-day moving average of $39.07 and a 200-day moving average of $36.89. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.67 and a beta of 0.78.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,814,387 shares of the company’s stock worth $62,887,000 after acquiring an additional 9,849 shares during the last quarter. Independence Financial Advisors LLC increased its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.6% in the 4th quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock valued at $32,897,000 after acquiring an additional 32,828 shares during the period. Sowa Financial Group Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 3.5% in the 4th quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock valued at $22,462,000 after purchasing an additional 21,757 shares during the last quarter. LPL Financial LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 33.3% in the 4th quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock valued at $20,200,000 after purchasing an additional 145,721 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Fidelity Enhanced Large Cap Value ETF by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock worth $8,588,000 after purchasing an additional 13,686 shares during the period.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.