Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 52-Week High – Here’s What Happened

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high on Monday . The company traded as high as $43.05 and last traded at $42.98, with a volume of 31613 shares. The stock had previously closed at $42.92.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.4%

The stock has a market capitalization of $3.41 billion, a PE ratio of 18.67 and a beta of 0.76. The firm’s fifty day moving average is $40.65 and its 200-day moving average is $38.02.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 113.0% in the 1st quarter. Royal Bank of Canada now owns 147,474 shares of the company’s stock worth $4,533,000 after acquiring an additional 78,251 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Fidelity Enhanced Large Cap Value ETF by 14.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,498 shares of the company’s stock valued at $230,000 after purchasing an additional 923 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 75,930 shares of the company’s stock valued at $2,334,000 after purchasing an additional 16,531 shares during the period. Focus Partners Wealth purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the first quarter valued at approximately $235,000. Finally, Cerity Partners LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the second quarter valued at approximately $213,000.

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.