Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 12-Month High – Here’s Why

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high during trading on Thursday . The company traded as high as $36.02 and last traded at $35.94, with a volume of 555 shares changing hands. The stock had previously closed at $35.87.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.3%

The business’s 50-day simple moving average is $34.93 and its two-hundred day simple moving average is $33.69. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the third quarter valued at $25,000. Holos Integrated Wealth LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth about $31,000. Assetmark Inc. boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after acquiring an additional 950 shares during the period. Bogart Wealth LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at about $66,000. Finally, CoreCap Advisors LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 430.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock worth $80,000 after purchasing an additional 1,867 shares during the period.

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.