Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 1-Year High – Should You Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $44.76 and last traded at $44.62, with a volume of 83655 shares traded. The stock had previously closed at $44.46.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.6%

The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 32.16 and a beta of 1.21. The firm has a fifty day moving average price of $41.03 and a 200 day moving average price of $40.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. IAG Wealth Partners LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 2,267.9% in the 4th quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock worth $28,000 after acquiring an additional 635 shares in the last quarter. Costello Asset Management INC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 3rd quarter worth approximately $28,000. Russell Investments Group Ltd. bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth approximately $40,000. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter worth approximately $61,000. Finally, Aptus Capital Advisors LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 3rd quarter worth approximately $62,000.

Fidelity Enhanced Large Cap Growth ETF Company 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.