Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 52-Week High – Should You Buy?

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high during trading on Monday . The stock traded as high as $42.42 and last traded at $42.39, with a volume of 20469 shares traded. The stock had previously closed at $41.96.

Fidelity Enhanced Large Cap Value ETF Price Performance

The stock’s 50-day moving average is $40.30 and its two-hundred day moving average is $37.77. The stock has a market cap of $3.30 billion, a P/E ratio of 18.67 and a beta of 0.79.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

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

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.