Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 52-Week High – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares reached a new 52-week high on Thursday . The stock traded as high as $40.59 and last traded at $40.57, with a volume of 29461 shares traded. The stock had previously closed at $40.18.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.7%

The business has a 50-day simple moving average of $38.92 and a 200-day simple moving average of $36.83. The stock has a market cap of $3.50 billion, a P/E ratio of 18.67 and a beta of 0.78.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Several large investors have recently modified their holdings of FELV. Royal Bank of Canada grew its stake in Fidelity Enhanced Large Cap Value ETF by 113.0% in the 1st quarter. Royal Bank of Canada now owns 147,474 shares of the company’s stock valued at $4,533,000 after buying an additional 78,251 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 14.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,498 shares of the company’s stock valued at $230,000 after acquiring an additional 923 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 75,930 shares of the company’s stock valued at $2,334,000 after acquiring an additional 16,531 shares during the period. Focus Partners Wealth acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the first quarter valued at about $235,000. Finally, Cerity Partners LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the second quarter valued at about $213,000.

About Fidelity Enhanced Large Cap Value ETF

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.