Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 52-Week Low – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.70 and last traded at $27.38, with a volume of 154253 shares traded. The stock had previously closed at $27.88.

Fidelity Enhanced Large Cap Value ETF Stock Down 0.6 %

The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 18.65 and a beta of 0.67. The business has a 50-day moving average price of $31.12 and a 200-day moving average price of $31.28.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Several institutional investors and hedge funds have recently bought and sold shares of FELV. Processus Wealth & Capital Management LLC increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 0.8% in the fourth quarter. Processus Wealth & Capital Management LLC now owns 79,050 shares of the company’s stock worth $2,409,000 after acquiring an additional 649 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $26,000. Allworth Financial LP lifted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 4,634.4% in the fourth quarter. Allworth Financial LP now owns 1,515 shares of the company’s stock valued at $48,000 after purchasing an additional 1,483 shares in the last quarter. Finally, PSI Advisors LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth $69,000.

About Fidelity Enhanced Large Cap Value ETF

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.