Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Reaches New 1-Year High – Time to Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $44.05 and last traded at $43.84, with a volume of 329558 shares changing hands. The stock had previously closed at $43.81.

Fidelity Enhanced Large Cap Growth ETF Price Performance

The company has a market capitalization of $5.57 billion, a PE ratio of 32.16 and a beta of 1.21. The firm’s fifty day simple moving average is $40.06 and its 200 day simple moving average is $40.83.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several hedge funds have recently modified their holdings of FELG. Costello Asset Management INC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter worth about $28,000. IAG Wealth Partners LLC lifted its stake in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% in the 4th 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. Russell Investments Group Ltd. purchased a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth approximately $40,000. Anchor Investment Management LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter worth approximately $61,000. Finally, Aptus Capital Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF in the 3rd quarter worth approximately $62,000.

About Fidelity Enhanced Large Cap Growth ETF

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.