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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $41.62 and last traded at $41.56, with a volume of 7625 shares traded. The stock had previously closed at $41.23.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The company has a market capitalization of $3.26 billion, a PE ratio of 18.67 and a beta of 0.79. The firm has a fifty day simple moving average of $40.12 and a 200 day simple moving average of $37.64.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 238.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after acquiring an additional 16,928 shares in the last quarter. Warner Financial Inc. lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 69.4% in the 2nd quarter. Warner Financial Inc. now owns 15,273 shares of the company’s stock worth $612,000 after purchasing an additional 6,257 shares during the period. Centurion Wealth Management LLC boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 47.4% during 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 bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the second quarter valued at approximately $219,000. Finally, CoreCap Advisors LLC increased its holdings in Fidelity Enhanced Large Cap Value ETF by 27.6% during the second 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 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.