Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 12-Month High – Should You Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.09 and last traded at $40.98, with a volume of 86070 shares traded. The stock had previously closed at $40.83.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 18.67 and a beta of 0.79. The stock has a 50-day moving average of $39.49 and a 200-day moving average of $37.16.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. JFS Wealth Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 238.6% in the second quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after purchasing an additional 16,928 shares in the last quarter. Warner Financial Inc. grew its position in Fidelity Enhanced Large Cap Value ETF by 69.4% in the second quarter. Warner Financial Inc. now owns 15,273 shares of the company’s stock valued at $612,000 after purchasing an additional 6,257 shares in the last quarter. Centurion Wealth Management LLC grew its position in Fidelity Enhanced Large Cap Value ETF by 47.4% in the second quarter. Centurion Wealth Management LLC now owns 10,743 shares of the company’s stock valued at $431,000 after purchasing an additional 3,453 shares in the last quarter. Breakwater Capital Group acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at $219,000. Finally, CoreCap Advisors LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 27.6% in the 2nd quarter. CoreCap Advisors LLC now owns 4,581 shares of the company’s stock valued at $184,000 after buying an additional 992 shares during the last quarter.

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.