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

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $38.72 and last traded at $38.5740, with a volume of 429779 shares changing hands. The stock had previously closed at $38.64.

Fidelity Enhanced Large Cap Core ETF Stock Down 0.3%

The company’s 50-day moving average is $37.84 and its two-hundred day moving average is $36.40. The company has a market capitalization of $5.67 billion, a P/E ratio of 24.29 and a beta of 1.01.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in Fidelity Enhanced Large Cap Core ETF by 22.8% in the third quarter. Allworth Financial LP now owns 5,005 shares of the company’s stock valued at $187,000 after acquiring an additional 929 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 31.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,696 shares of the company’s stock worth $138,000 after purchasing an additional 884 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Fidelity Enhanced Large Cap Core ETF by 424.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 9,990 shares of the company’s stock valued at $372,000 after purchasing an additional 8,086 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 53,402.9% during the 3rd quarter. NewEdge Advisors LLC now owns 851,231 shares of the company’s stock valued at $31,725,000 after buying an additional 849,640 shares in the last quarter. Finally, United Capital Financial Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Core ETF in the 3rd quarter worth approximately $205,000.

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.