Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as $43.80 and last traded at $43.7440, with a volume of 117,908 shares changing hands. The stock had previously closed at $43.01.

Fidelity Enhanced Large Cap Value ETF Price Performance

The company has a market capitalization of $3.73 billion, a PE ratio of 19.73 and a beta of 0.75. The company’s fifty day moving average is $42.45 and its 200-day moving average is $39.36.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FELV. Citadel Advisors LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the second quarter worth $1,039,000. JFS Wealth Advisors LLC raised its stake in Fidelity Enhanced Large Cap Value ETF by 238.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after acquiring an additional 16,928 shares during the last quarter. Cetera Investment Advisers lifted its position in 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 worth $8,588,000 after acquiring an additional 13,686 shares during the period. Envestnet Asset Management Inc. grew its stake in Fidelity Enhanced Large Cap Value ETF by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock valued at $3,757,000 after purchasing an additional 20,470 shares during the last quarter. Finally, Independence Financial Advisors LLC grew its stake in Fidelity Enhanced Large Cap Value ETF by 4.3% during the 3rd quarter. Independence Financial Advisors LLC now owns 700,113 shares of the company’s stock valued at $28,964,000 after purchasing an additional 29,003 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.