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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELVGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $41.07 and last traded at $40.84, with a volume of 398929 shares. The stock had previously closed at $40.75.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The firm’s 50 day simple moving average is $39.22 and its 200 day simple moving average is $36.99. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 18.67 and a beta of 0.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in Fidelity Enhanced Large Cap Value ETF by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,814,387 shares of the company’s stock valued at $62,887,000 after acquiring an additional 9,849 shares during the period. Independence Financial Advisors LLC grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 3.6% during the 4th quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after purchasing an additional 32,828 shares during the period. Sowa Financial Group Inc. increased its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.5% during the 4th 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 in the last quarter. LPL Financial LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 33.3% in the 4th quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock valued at $20,200,000 after purchasing an additional 145,721 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock valued at $8,588,000 after purchasing an additional 13,686 shares during the period.

Fidelity Enhanced Large Cap Value ETF Company Profile

(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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