Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 1-Year High – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high on Wednesday . The stock traded as high as $40.54 and last traded at $40.46, with a volume of 453754 shares trading hands. The stock had previously closed at $40.10.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.9%

The business’s 50 day moving average price is $37.92 and its 200-day moving average price is $38.01. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

Hedge funds have recently bought and sold shares of the stock. Fragasso Financial Advisors Inc boosted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 4.6% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,606,912 shares of the company’s stock worth $137,676,000 after acquiring an additional 157,975 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Enhanced Large Cap Core ETF by 17.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,329,851 shares of the company’s stock worth $127,100,000 after purchasing an additional 489,073 shares during the period. KFG Wealth Management LLC increased its stake in shares of Fidelity Enhanced Large Cap Core ETF by 21.9% during the first quarter. KFG Wealth Management LLC now owns 3,304,054 shares of the company’s stock worth $119,838,000 after purchasing an additional 593,389 shares during the period. LPL Financial LLC lifted its holdings in Fidelity Enhanced Large Cap Core ETF by 12.8% during the 4th quarter. LPL Financial LLC now owns 2,653,482 shares of the company’s stock worth $101,283,000 after purchasing an additional 301,991 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Fidelity Enhanced Large Cap Core ETF during the 1st quarter worth approximately $72,976,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

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.