MLG Wealth Management DBA Pine Grove Financial Group Sells 53,874 Shares of Fidelity Enhanced Large Cap Growth ETF $FELG

MLG Wealth Management DBA Pine Grove Financial Group lowered its position in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) by 14.0% during the second quarter, Holdings Channel reports. The institutional investor owned 329,684 shares of the company’s stock after selling 53,874 shares during the quarter. Fidelity Enhanced Large Cap Growth ETF comprises approximately 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s investment portfolio, making the stock its 21st largest holding. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in Fidelity Enhanced Large Cap Growth ETF were worth $14,459,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FELG. Bay Capital Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 1.3% in the first quarter. Bay Capital Advisors LLC now owns 19,360 shares of the company’s stock valued at $726,000 after acquiring an additional 253 shares in the last quarter. Ball & Co Wealth Management Inc. increased its position in shares of Fidelity Enhanced Large Cap Growth ETF by 0.9% during the first quarter. Ball & Co Wealth Management Inc. now owns 28,844 shares of the company’s stock worth $1,081,000 after purchasing an additional 264 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 2.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 14,217 shares of the company’s stock valued at $527,000 after purchasing an additional 285 shares during the last quarter. Mariner LLC lifted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 1.3% during the 3rd quarter. Mariner LLC now owns 22,985 shares of the company’s stock valued at $945,000 after purchasing an additional 287 shares during the last quarter. Finally, Advyzon Investment Management LLC boosted its position in shares of Fidelity Enhanced Large Cap Growth ETF by 3.2% in the 4th quarter. Advyzon Investment Management LLC now owns 11,552 shares of the company’s stock worth $482,000 after purchasing an additional 361 shares in the last quarter.

Fidelity Enhanced Large Cap Growth ETF Price Performance

Fidelity Enhanced Large Cap Growth ETF stock opened at $44.47 on Tuesday. Fidelity Enhanced Large Cap Growth ETF has a 1-year low of $35.92 and a 1-year high of $45.63. The business has a fifty day moving average price of $43.64 and a 200-day moving average price of $42.17. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24.

Fidelity Enhanced Large Cap Growth ETF Profile

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.