Northwest Wealth Advisors LLC Invests $7.01 Million in Fidelity Enhanced Large Cap Growth ETF $FELG

Northwest Wealth Advisors LLC bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 168,015 shares of the company’s stock, valued at approximately $7,006,000. Fidelity Enhanced Large Cap Growth ETF accounts for 5.5% of Northwest Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position. Northwest Wealth Advisors LLC owned 0.15% of Fidelity Enhanced Large Cap Growth ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FELG. Costello Asset Management INC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the third quarter worth about $28,000. Russell Investments Group Ltd. purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the second quarter worth about $40,000. Aptus Capital Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the third quarter worth about $62,000. Grey Fox Wealth Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the third quarter worth about $65,000. Finally, Assetmark Inc. purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter worth about $73,000.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

Shares of NYSEARCA FELG opened at $44.10 on Friday. Fidelity Enhanced Large Cap Growth ETF has a fifty-two week low of $33.90 and a fifty-two week high of $44.70. The company has a 50 day simple moving average of $40.60 and a two-hundred day simple moving average of $40.89. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 32.16 and a beta of 1.21.

Fidelity Enhanced Large Cap Growth ETF Profile

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.