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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.94 and last traded at $39.94, with a volume of 21657 shares trading hands. The stock had previously closed at $39.50.

Fidelity Enhanced Large Cap Value ETF Trading Up 1.1%

The firm has a market cap of $3.06 billion, a P/E ratio of 18.67 and a beta of 0.81. The company’s 50 day simple moving average is $37.82 and its 200-day simple moving average is $36.27.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its holdings in Fidelity Enhanced Large Cap Value ETF by 2.3% in the 4th quarter. Dunhill Financial LLC now owns 13,680 shares of the company’s stock worth $474,000 after acquiring an additional 308 shares in the last quarter. Vestia Personal Wealth Advisors grew its holdings in Fidelity Enhanced Large Cap Value ETF by 1.5% during the 4th quarter. Vestia Personal Wealth Advisors now owns 34,146 shares of the company’s stock valued at $1,221,000 after buying an additional 493 shares in the last quarter. Clarity Asset Management Inc. grew its holdings in Fidelity Enhanced Large Cap Value ETF by 3.0% during the 4th quarter. Clarity Asset Management Inc. now owns 18,103 shares of the company’s stock valued at $627,000 after buying an additional 524 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Fidelity Enhanced Large Cap Value ETF by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,177 shares of the company’s stock valued at $542,000 after buying an additional 538 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 6.4% during the 1st quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $356,000 after buying an additional 616 shares in the last quarter.

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.