Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 52-Week High – Here’s What Happened

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high on Tuesday . The stock traded as high as $36.73 and last traded at $36.64, with a volume of 116645 shares trading hands. The stock had previously closed at $36.63.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The firm’s fifty day moving average price is $35.31 and its 200 day moving average price is $33.95. The firm has a market cap of $2.74 billion, a P/E ratio of 18.67 and a beta of 0.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Founders Financial Alliance LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the third quarter worth about $25,000. Holos Integrated Wealth LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth approximately $31,000. Assetmark Inc. lifted its stake in Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after acquiring an additional 950 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at $66,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% in 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 during 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.