Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 1-Year High – Here’s Why

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELCGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.03 and last traded at $42.03, with a volume of 34885 shares. The stock had previously closed at $41.74.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.6%

The firm has a fifty day moving average of $38.86 and a 200-day moving average of $38.38. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FELC. Goldman Sachs Group Inc. acquired a new position in Fidelity Enhanced Large Cap Core ETF during the first quarter worth about $72,976,000. SHP Wealth Management acquired a new position in Fidelity Enhanced Large Cap Core ETF during the fourth quarter worth about $58,241,000. Jane Street Group LLC raised its position in Fidelity Enhanced Large Cap Core ETF by 406.3% during the second quarter. Jane Street Group LLC now owns 1,370,421 shares of the company’s stock worth $47,266,000 after acquiring an additional 1,099,761 shares during the last quarter. CWM LLC raised its position in Fidelity Enhanced Large Cap Core ETF by 332.8% during the fourth quarter. CWM LLC now owns 1,396,617 shares of the company’s stock worth $53,309,000 after acquiring an additional 1,073,930 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF in the third quarter worth $35,380,000.

About Fidelity Enhanced Large Cap Core ETF

(Get Free Report)

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

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