Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 52-Week High – Here’s What Happened

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.00 and last traded at $34.00, with a volume of 9805 shares. The stock had previously closed at $33.69.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The company has a market capitalization of $2.47 billion, a P/E ratio of 18.67 and a beta of 0.67. The firm’s fifty day moving average is $33.27 and its 200 day moving average is $31.77.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Fidelity Enhanced Large Cap Value ETF by 2,448.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 669,212 shares of the company’s stock valued at $20,572,000 after acquiring an additional 642,955 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 134.2% during the first quarter. Cetera Investment Advisers now owns 15,420 shares of the company’s stock valued at $474,000 after purchasing an additional 8,836 shares during the period. Sowa Financial Group Inc. grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 12.5% in the second quarter. Sowa Financial Group Inc. now owns 609,518 shares of the company’s stock worth $19,364,000 after purchasing an additional 67,863 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter worth about $207,000. Finally, Ameritas Advisory Services LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 2nd quarter valued at about $141,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.