Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 12-Month High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.09 and last traded at $40.98, with a volume of 86070 shares. The stock had previously closed at $40.83.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The stock has a market capitalization of $3.20 billion, a P/E ratio of 18.67 and a beta of 0.79. The firm has a 50-day moving average price of $39.60 and a 200 day moving average price of $37.25.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Holos Integrated Wealth LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth approximately $31,000. Assetmark Inc. grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after purchasing an additional 950 shares during the last quarter. SHP Wealth Management bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $53,000. CoreCap Advisors LLC lifted its stake in Fidelity Enhanced Large Cap Value ETF by 430.2% in the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock worth $80,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth $98,000.

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.