Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.63 and last traded at $45.51, with a volume of 237184 shares changing hands. The stock had previously closed at $45.42.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.2%

The firm’s fifty day moving average price is $43.76 and its 200 day moving average price is $42.48. The firm has a market capitalization of $5.86 billion, a PE ratio of 32.16 and a beta of 1.24.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC increased its position in shares of Fidelity Enhanced Large Cap Growth ETF by 2,267.9% during the fourth quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock worth $28,000 after purchasing an additional 635 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at approximately $61,000. Fifth Third Bancorp grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 4,727.1% during the 1st quarter. Fifth Third Bancorp now owns 3,379 shares of the company’s stock worth $127,000 after purchasing an additional 3,309 shares during the period. Elevation Wealth Partners LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF during the second quarter worth about $153,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF during the first quarter worth about $168,000.

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.