Formidable Asset Management LLC Makes New $496,000 Investment in Fidelity Enhanced Large Cap Growth ETF $FELG

Formidable Asset Management LLC bought a new stake in 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 bought 13,222 shares of the company’s stock, valued at approximately $496,000.

Several other hedge funds have also recently made changes to their positions in FELG. Vantagepoint Investment Advisers LLC grew its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 4.9% during the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock worth $360,038,000 after acquiring an additional 402,930 shares during the period. MML Investors Services LLC raised its stake in Fidelity Enhanced Large Cap Growth ETF by 4.7% in the 4th quarter. MML Investors Services LLC now owns 6,343,591 shares of the company’s stock valued at $264,528,000 after acquiring an additional 285,730 shares during the period. Commonwealth Equity Services LLC raised its stake in Fidelity Enhanced Large Cap Growth ETF by 33.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,141,753 shares of the company’s stock valued at $172,711,000 after acquiring an additional 1,031,779 shares during the period. LPL Financial LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 45.4% during the fourth quarter. LPL Financial LLC now owns 2,767,311 shares of the company’s stock valued at $115,397,000 after purchasing an additional 864,527 shares during the last quarter. Finally, Independence Financial Advisors LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 69.2% during the fourth quarter. Independence Financial Advisors LLC now owns 1,310,736 shares of the company’s stock valued at $54,658,000 after purchasing an additional 535,968 shares during the last quarter.

Fidelity Enhanced Large Cap Growth ETF Stock Up 2.3%

Shares of NYSEARCA:FELG opened at $43.16 on Tuesday. The firm has a market capitalization of $5.45 billion, a PE ratio of 32.16 and a beta of 1.22. Fidelity Enhanced Large Cap Growth ETF has a twelve month low of $35.92 and a twelve month high of $45.63. The company has a 50-day moving average price of $43.39 and a two-hundred day moving average price of $41.29.

Fidelity Enhanced Large Cap Growth ETF Profile

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.