Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 52-Week High – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $42.70 and last traded at $42.69, with a volume of 211303 shares trading hands. The stock had previously closed at $42.47.

Fidelity Enhanced Large Cap Core ETF Stock Performance

The business’s 50-day moving average is $41.80 and its two-hundred day moving average is $39.46. The stock has a market capitalization of $7.88 billion, a PE ratio of 24.29 and a beta of 1.00.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 1st quarter worth approximately $25,000. Fifth Third Bancorp purchased a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC raised its position in Fidelity Enhanced Large Cap Core ETF by 1,173.2% in the first quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock worth $33,000 after acquiring an additional 833 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $34,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.