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

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares saw an uptick in trading volume on Wednesday . 1,844,574 shares were traded during mid-day trading, an increase of 69% from the previous session’s volume of 1,092,339 shares.The stock last traded at $38.3250 and had previously closed at $38.45.

Fidelity Enhanced Large Cap Core ETF Trading Down 0.3%

The stock has a 50-day moving average price of $37.88 and a 200 day moving average price of $36.47. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Archer Investment Corp purchased a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the third quarter worth about $26,000. Ameriflex Group Inc. boosted its holdings in Fidelity Enhanced Large Cap Core ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock worth $26,000 after buying an additional 343 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth approximately $39,000. Bank of Montreal Can raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 32.6% during the second quarter. Bank of Montreal Can now owns 1,221 shares of the company’s stock valued at $42,000 after acquiring an additional 300 shares during the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF in the third quarter valued at approximately $42,000.

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.