Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) saw unusually-high trading volume on Thursday. 8,303,131 shares traded hands during trading, an increase of 725% from the average daily volume of 1,006,387 shares. The stock last traded at $42.7550 and had previously closed at $42.87.

Fidelity Enhanced Large Cap Core ETF Price Performance

The company’s 50-day moving average is $43.40 and its 200-day moving average is $41.15. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 21.76 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of Fidelity Enhanced Large Cap Core ETF by 2.5% during the 3rd quarter. Allworth Financial LP now owns 10,381 shares of the company’s stock valued at $435,000 after buying an additional 257 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Fidelity Enhanced Large Cap Core ETF by 3.6% in the first quarter. Sequoia Financial Advisors LLC now owns 7,351 shares of the company’s stock valued at $267,000 after acquiring an additional 258 shares during the last quarter. Assetmark Inc. grew its position in Fidelity Enhanced Large Cap Core ETF by 10.5% during the first quarter. Assetmark Inc. now owns 3,035 shares of the company’s stock valued at $110,000 after acquiring an additional 289 shares during the period. Apella Capital LLC grew its position in Fidelity Enhanced Large Cap Core ETF by 4.0% during the third quarter. Apella Capital LLC now owns 11,345 shares of the company’s stock valued at $500,000 after acquiring an additional 441 shares during the period. Finally, IFP Advisors Inc increased its stake in Fidelity Enhanced Large Cap Core ETF by 42.3% during the third quarter. IFP Advisors Inc now owns 1,618 shares of the company’s stock worth $70,000 after acquiring an additional 481 shares during the last quarter.

About Fidelity Enhanced Large Cap Core ETF

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.