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

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELCGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.50 and last traded at $38.39, with a volume of 813273 shares trading hands. The stock had previously closed at $38.16.

Fidelity Enhanced Large Cap Core ETF Stock Performance

The firm’s 50 day moving average is $37.61 and its 200-day moving average is $36.00. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in Fidelity Enhanced Large Cap Core ETF in the 1st quarter valued at $72,976,000. EdgeRock Capital LLC bought a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth about $65,146,000. HighTower Advisors LLC raised its position in shares of Fidelity Enhanced Large Cap Core ETF by 4,506.1% during the first quarter. HighTower Advisors LLC now owns 1,225,583 shares of the company’s stock valued at $38,226,000 after buying an additional 1,198,975 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Fidelity Enhanced Large Cap Core ETF by 406.3% in the second quarter. Jane Street Group LLC now owns 1,370,421 shares of the company’s stock valued at $47,266,000 after buying an additional 1,099,761 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Fidelity Enhanced Large Cap Core ETF during the third quarter worth about $35,380,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

(Get Free Report)

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.

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