Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.72 and last traded at $38.5740, with a volume of 429779 shares. The stock had previously closed at $38.64.

Fidelity Enhanced Large Cap Core ETF Stock Performance

The firm has a fifty day moving average price of $37.88 and a 200 day moving average price of $36.47. The stock has a market cap of $5.66 billion, a PE ratio of 24.29 and a beta of 1.01.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

Several institutional investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the first quarter worth about $296,000. Betterment LLC purchased a new stake in Fidelity Enhanced Large Cap Core ETF during the 1st quarter worth approximately $327,000. Royal Bank of Canada increased its stake in Fidelity Enhanced Large Cap Core ETF by 28,371.0% during the 1st quarter. Royal Bank of Canada now owns 256,239 shares of the company’s stock valued at $7,992,000 after purchasing an additional 255,339 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 1,038.8% in the first quarter. Jones Financial Companies Lllp now owns 9,224 shares of the company’s stock worth $288,000 after buying an additional 8,414 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF in the first quarter worth $72,976,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.