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 reached a new 52-week high on Friday . The company traded as high as $39.94 and last traded at $39.94, with a volume of 21657 shares traded. The stock had previously closed at $39.50.

Fidelity Enhanced Large Cap Value ETF Trading Up 1.1%

The company has a market cap of $3.06 billion, a P/E ratio of 18.67 and a beta of 0.81. The stock’s 50 day moving average is $37.82 and its 200-day moving average is $36.27.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds have recently bought and sold shares of FELV. Royal Bank of Canada boosted its stake in Fidelity Enhanced Large Cap Value ETF by 113.0% in the 1st quarter. Royal Bank of Canada now owns 147,474 shares of the company’s stock worth $4,533,000 after purchasing an additional 78,251 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Fidelity Enhanced Large Cap Value ETF by 14.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,498 shares of the company’s stock worth $230,000 after purchasing an additional 923 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Fidelity Enhanced Large Cap Value ETF by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,930 shares of the company’s stock valued at $2,334,000 after acquiring an additional 16,531 shares during the period. Focus Partners Wealth bought a new position in Fidelity Enhanced Large Cap Value ETF during the 1st quarter valued at about $235,000. Finally, Cerity Partners LLC bought a new position in Fidelity Enhanced Large Cap Value ETF during the 2nd quarter valued at about $213,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.