Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 52-Week High – Here’s What Happened

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $38.46 and last traded at $38.3830, with a volume of 113647 shares. The stock had previously closed at $38.22.

Fidelity Enhanced Large Cap Core ETF Price Performance

The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01. The business’s fifty day simple moving average is $37.48 and its 200 day simple moving average is $35.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Archer Investment Corp bought a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the third quarter valued at approximately $26,000. Ameriflex Group Inc. raised its holdings in Fidelity Enhanced Large Cap Core ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock worth $26,000 after buying an additional 343 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF during the second quarter worth $39,000. Bank of Montreal Can lifted its stake in shares of Fidelity Enhanced Large Cap Core ETF by 32.6% in the second quarter. Bank of Montreal Can now owns 1,221 shares of the company’s stock valued at $42,000 after buying an additional 300 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the third quarter valued at about $42,000.

About Fidelity Enhanced Large Cap Core ETF

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.