Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sets New 12-Month High – Should You Buy?

Shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.49 and last traded at $41.43, with a volume of 293275 shares. The stock had previously closed at $41.09.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.5%

The firm has a fifty day simple moving average of $39.05 and a 200-day simple moving average of $35.45. The company has a market cap of $4.07 billion, a PE ratio of 32.16 and a beta of 1.14.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several hedge funds have recently made changes to their positions in the company. MML Investors Services LLC boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 20.4% during the second quarter. MML Investors Services LLC now owns 5,981,257 shares of the company’s stock worth $221,486,000 after buying an additional 1,011,892 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 5,941,796 shares of the company’s stock worth $220,025,000 after buying an additional 424,675 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 47.9% during the second quarter. Commonwealth Equity Services LLC now owns 3,520,372 shares of the company’s stock worth $130,359,000 after buying an additional 1,139,503 shares during the period. LPL Financial LLC boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 116.7% during the first quarter. LPL Financial LLC now owns 1,243,952 shares of the company’s stock worth $39,184,000 after buying an additional 669,864 shares during the period. Finally, Independence Financial Advisors LLC boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 1,399.4% during the second quarter. Independence Financial Advisors LLC now owns 830,356 shares of the company’s stock worth $30,748,000 after buying an additional 774,977 shares during the period.

Fidelity Enhanced Large Cap Growth ETF Company Profile

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.