Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Reaches New 1-Year High – Should You Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $44.76 and last traded at $44.62, with a volume of 83655 shares. The stock had previously closed at $44.46.

Fidelity Enhanced Large Cap Growth ETF Price Performance

The stock’s fifty day moving average price is $41.28 and its 200 day moving average price is $41.01. The stock has a market capitalization of $5.70 billion, a P/E ratio of 32.16 and a beta of 1.21.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FELG. Royal Bank of Canada grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 52.0% in the first quarter. Royal Bank of Canada now owns 45,754 shares of the company’s stock worth $1,442,000 after purchasing an additional 15,660 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the second quarter worth about $40,000. Marshall Wace LLP bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the second quarter worth about $1,289,000. NewEdge Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 31.2% in the second quarter. NewEdge Advisors LLC now owns 22,225 shares of the company’s stock worth $823,000 after purchasing an additional 5,284 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter worth about $407,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

(Get Free Report)

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.

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