Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 52-Week High – Here’s Why

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $35.85 and last traded at $35.7650, with a volume of 181023 shares. The stock had previously closed at $35.24.

Fidelity Enhanced Large Cap Value ETF Trading Up 1.4%

The firm’s 50-day simple moving average is $34.70 and its two-hundred day simple moving average is $33.56. The company has a market cap of $2.62 billion, a PE ratio of 18.67 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth about $31,000. Bogart Wealth LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the second quarter valued at $66,000. CoreCap Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% in the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Fidelity Enhanced Large Cap Value ETF by 3,650.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,625 shares of the company’s stock valued at $83,000 after acquiring an additional 2,555 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.