Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 52-Week High – Should You Buy?

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) hit a new 52-week high on Tuesday . The stock traded as high as $42.03 and last traded at $42.03, with a volume of 34885 shares traded. The stock had previously closed at $41.74.

Fidelity Enhanced Large Cap Core ETF Stock Performance

The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The company has a 50 day moving average price of $39.05 and a two-hundred day moving average price of $38.44.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fragasso Financial Advisors Inc increased its holdings in Fidelity Enhanced Large Cap Core ETF by 4.6% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,606,912 shares of the company’s stock worth $137,676,000 after acquiring an additional 157,975 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Fidelity Enhanced Large Cap Core ETF by 17.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,329,851 shares of the company’s stock worth $127,100,000 after acquiring an additional 489,073 shares in the last quarter. KFG Wealth Management LLC increased its holdings in Fidelity Enhanced Large Cap Core ETF by 21.9% in the 1st quarter. KFG Wealth Management LLC now owns 3,304,054 shares of the company’s stock worth $119,838,000 after acquiring an additional 593,389 shares in the last quarter. LPL Financial LLC increased its holdings in Fidelity Enhanced Large Cap Core ETF by 12.8% in the 4th quarter. LPL Financial LLC now owns 2,653,482 shares of the company’s stock worth $101,283,000 after acquiring an additional 301,991 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Fidelity Enhanced Large Cap Core ETF in the 1st 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.