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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.62 and last traded at $41.56, with a volume of 7625 shares trading hands. The stock had previously closed at $41.23.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The company has a market capitalization of $3.23 billion, a PE ratio of 18.67 and a beta of 0.79. The stock has a fifty day moving average of $39.98 and a 200 day moving average of $37.55.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in Fidelity Enhanced Large Cap Value ETF by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,814,387 shares of the company’s stock valued at $62,887,000 after acquiring an additional 9,849 shares in the last quarter. Independence Financial Advisors LLC lifted its stake in Fidelity Enhanced Large Cap Value ETF by 3.6% in the 4th quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after purchasing an additional 32,828 shares in the last quarter. Sowa Financial Group Inc. lifted its stake in Fidelity Enhanced Large Cap Value ETF by 3.5% in the 4th quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock worth $22,462,000 after purchasing an additional 21,757 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 33.3% during the 4th quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock valued at $20,200,000 after purchasing an additional 145,721 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock valued at $8,588,000 after purchasing an additional 13,686 shares during the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.