Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 12-Month High – Here’s What Happened

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $43.27 and last traded at $43.2090, with a volume of 170,826 shares traded. The stock had previously closed at $43.00.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.5%

The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 18.67 and a beta of 0.78. The business’s fifty day moving average is $42.42 and its two-hundred day moving average is $39.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Independence Financial Advisors LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 4.3% during the 3rd quarter. Independence Financial Advisors LLC now owns 700,113 shares of the company’s stock worth $28,964,000 after buying an additional 29,003 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock worth $8,588,000 after acquiring an additional 13,686 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock worth $3,757,000 after acquiring an additional 20,470 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 23.7% in the second quarter. NewEdge Advisors LLC now owns 52,263 shares of the company’s stock valued at $2,095,000 after acquiring an additional 10,002 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the second quarter valued at about $1,039,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.