Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 12-Month High – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high on Wednesday . The company traded as high as $43.23 and last traded at $43.21, with a volume of 21463 shares. The stock had previously closed at $42.79.

Fidelity Enhanced Large Cap Value ETF Price Performance

The company has a 50-day moving average price of $41.14 and a 200-day moving average price of $38.37. The firm has a market capitalization of $3.41 billion, a PE ratio of 18.67 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FELV. Assetmark Inc. boosted its stake in shares of 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 worth $51,000 after purchasing an additional 950 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at approximately $53,000. Farther Finance Advisors LLC raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 118.0% in the fourth quarter. Farther Finance Advisors LLC now owns 4,576 shares of the company’s stock valued at $159,000 after buying an additional 2,477 shares during the last quarter. CoreCap Advisors LLC boosted its position 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 worth $184,000 after acquiring an additional 992 shares during the last quarter. Finally, CWM LLC boosted its position in Fidelity Enhanced Large Cap Value ETF by 558.3% during the fourth quarter. CWM LLC now owns 4,957 shares of the company’s stock worth $172,000 after acquiring an additional 4,204 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.