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

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high on Tuesday . The company traded as high as $39.24 and last traded at $39.24, with a volume of 7220 shares trading hands. The stock had previously closed at $38.58.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.6%

The stock has a market cap of $3.01 billion, a P/E ratio of 18.67 and a beta of 0.82. The business has a 50 day moving average price of $36.67 and a 200 day moving average price of $35.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Founders Financial Alliance LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 3rd quarter valued at $25,000. Holos Integrated Wealth LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $31,000. Assetmark Inc. boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% in the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after buying an additional 950 shares in the last quarter. SHP Wealth Management bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at about $53,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after buying an additional 1,867 shares in the last quarter.

About Fidelity Enhanced Large Cap Value ETF

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.