Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Hits New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $42.70 and last traded at $42.69, with a volume of 211303 shares trading hands. The stock had previously closed at $42.47.

Fidelity Enhanced Large Cap Core ETF Stock Down 0.1%

The firm has a market capitalization of $7.89 billion, a P/E ratio of 24.29 and a beta of 1.00. The business’s 50 day moving average is $41.74 and its two-hundred day moving average is $39.41.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fragasso Financial Advisors Inc boosted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 4.6% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,606,912 shares of the company’s stock valued at $137,676,000 after acquiring an additional 157,975 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Fidelity Enhanced Large Cap Core ETF by 17.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,329,851 shares of the company’s stock worth $127,100,000 after purchasing an additional 489,073 shares in the last quarter. KFG Wealth Management LLC lifted its position in Fidelity Enhanced Large Cap Core ETF by 21.9% in the first quarter. KFG Wealth Management LLC now owns 3,304,054 shares of the company’s stock worth $119,838,000 after purchasing an additional 593,389 shares during the period. LPL Financial LLC lifted its position in Fidelity Enhanced Large Cap Core ETF by 12.8% in the fourth quarter. LPL Financial LLC now owns 2,653,482 shares of the company’s stock worth $101,283,000 after purchasing an additional 301,991 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in Fidelity Enhanced Large Cap Core ETF during the 1st quarter valued at $72,976,000.

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.