Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 52-Week High – Still a Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.02 and last traded at $35.94, with a volume of 555 shares. The stock had previously closed at $35.87.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The company has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $33.73. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of large investors have recently bought and sold shares of FELV. Commonwealth Equity Services LLC raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 4.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock valued at $60,506,000 after buying an additional 76,667 shares in the last quarter. Independence Financial Advisors LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 3.6% in the fourth 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 last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Large Cap Value ETF by 25.9% in the second quarter. Envestnet Asset Management Inc. now owns 842,672 shares of the company’s stock valued at $26,772,000 after acquiring an additional 173,460 shares during the last quarter. Sowa Financial Group Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 2.8% during the third quarter. Sowa Financial Group Inc. now owns 626,311 shares of the company’s stock valued at $21,000,000 after purchasing an additional 16,793 shares in the last quarter. Finally, Weil Company Inc. bought a new stake in Fidelity Enhanced Large Cap Value ETF during the second quarter worth $8,054,000.

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.