Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 1-Year High – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.18 and last traded at $38.11, with a volume of 54532 shares traded. The stock had previously closed at $37.70.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The company has a market capitalization of $2.92 billion, a PE ratio of 18.67 and a beta of 0.82. The company’s 50-day simple moving average is $36.00 and its 200-day simple moving average is $35.24.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of large investors have recently bought and sold shares of the company. North Capital Inc. purchased a new position in Fidelity Enhanced Large Cap Value ETF during the 1st quarter worth $302,000. Private Advisor Group LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 6.4% during the 1st quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock worth $356,000 after buying an additional 616 shares during the last quarter. James Investment Research Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 13.6% during the 1st quarter. James Investment Research Inc. now owns 28,993 shares of the company’s stock worth $1,012,000 after buying an additional 3,465 shares during the last quarter. Roxbury Financial LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 13.0% during the 1st quarter. Roxbury Financial LLC now owns 11,004 shares of the company’s stock worth $384,000 after buying an additional 1,269 shares during the last quarter. Finally, Clark Asset Management LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF during the 1st quarter worth $215,000.

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.