Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 1-Year High – What’s Next?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.05 and last traded at $43.84, with a volume of 329558 shares traded. The stock had previously closed at $43.81.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 32.16 and a beta of 1.21. The company has a fifty day simple moving average of $39.89 and a 200 day simple moving average of $40.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Costello Asset Management INC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter worth about $28,000. IAG Wealth Partners LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% during the 4th quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock worth $28,000 after buying an additional 635 shares during the period. Russell Investments Group Ltd. acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter worth about $40,000. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 4th quarter worth about $61,000. Finally, Aptus Capital Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter worth about $62,000.

Fidelity Enhanced Large Cap Growth ETF Company 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.