Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $35.76 and last traded at $35.6990, with a volume of 49378 shares changing hands. The stock had previously closed at $35.66.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.2%

The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86. The business has a 50-day moving average of $34.57 and a two-hundred day moving average of $33.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FELV. Independence Financial Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Value ETF by 3.6% during the fourth quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after buying an additional 32,828 shares in the last quarter. Centurion Wealth Management LLC bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth about $258,000. CoreCap Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 31.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,801 shares of the company’s stock valued at $420,000 after acquiring an additional 2,815 shares during the period. Finally, Processus Wealth & Capital Management LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 2.6% in the fourth quarter. Processus Wealth & Capital Management LLC now owns 79,229 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,006 shares in the last quarter.

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.