Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $38.88 and last traded at $38.9050, with a volume of 197680 shares traded. The stock had previously closed at $38.62.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.8%

The stock’s 50 day moving average is $38.28 and its two-hundred day moving average is $37.16. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of large investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at approximately $31,000. Sigma Planning Corp acquired a new position in Fidelity Enhanced Large Cap Core ETF during the fourth quarter worth $201,000. Bogart Wealth LLC bought a new position in Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $40,000. Calamos Wealth Management LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the 4th quarter valued at $221,000. Finally, Financial Perspectives Inc increased its stake in Fidelity Enhanced Large Cap Core ETF by 14.3% in the 4th quarter. Financial Perspectives Inc now owns 14,682 shares of the company’s stock valued at $560,000 after buying an additional 1,833 shares during the last quarter.

About Fidelity Enhanced Large Cap Core ETF

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.