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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELVGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $39.50 and last traded at $39.50, with a volume of 530 shares changing hands. The stock had previously closed at $38.29.

Fidelity Enhanced Large Cap Value ETF Stock Down 0.7%

The company has a market capitalization of $2.92 billion, a P/E ratio of 18.67 and a beta of 0.82. The firm’s 50-day moving average price is $36.36 and its 200 day moving average price is $35.57.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Independence Financial Advisors LLC boosted its stake in shares of 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 buying an additional 32,828 shares during the last quarter. Summit Wealth Group LLC Co. bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth $1,087,000. J.W. Cole Advisors Inc. grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 39.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 149,907 shares of the company’s stock worth $5,026,000 after acquiring an additional 42,383 shares during the period. Sowa Financial Group Inc. lifted its holdings in Fidelity Enhanced Large Cap Value ETF by 3.5% during the fourth quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock valued at $22,462,000 after purchasing an additional 21,757 shares during the last quarter. Finally, Evansbrook LLC bought a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth about $504,000.

About Fidelity Enhanced Large Cap Value ETF

(Get Free Report)

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.

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