Sugar Maple Asset Management LLC Takes Position in Fidelity Enhanced Large Cap Growth ETF $FELG

Sugar Maple Asset Management LLC purchased a new position in shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,776 shares of the company’s stock, valued at approximately $1,416,000. Fidelity Enhanced Large Cap Growth ETF comprises 0.9% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Wealth Management LLC boosted its position in Fidelity Enhanced Large Cap Growth ETF by 172.2% during the 4th quarter. Baron Wealth Management LLC now owns 38,248 shares of the company’s stock worth $1,595,000 after buying an additional 24,194 shares during the period. Greenwood Capital Associates LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 44.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 95,010 shares of the company’s stock worth $3,962,000 after acquiring an additional 29,400 shares during the last quarter. Vantagepoint Investment Advisers LLC increased its position in Fidelity Enhanced Large Cap Growth ETF by 4.9% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock valued at $360,038,000 after acquiring an additional 402,930 shares during the period. Pathfinder Wealth Consulting Inc. acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at approximately $4,210,000. Finally, Cannon Wealth Management Services LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at approximately $4,771,000.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

FELG stock opened at $42.19 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 32.16 and a beta of 1.22. The company has a fifty day moving average price of $43.36 and a 200-day moving average price of $41.29. Fidelity Enhanced Large Cap Growth ETF has a 52-week low of $35.92 and a 52-week high of $45.63.

About Fidelity Enhanced Large Cap Growth ETF

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.