Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $44.19 and last traded at $44.18, with a volume of 60846 shares trading hands. The stock had previously closed at $43.90.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.6%

The company has a market cap of $8.32 billion, a PE ratio of 24.29 and a beta of 1.00. The business’s 50-day simple moving average is $42.20 and its 200-day simple moving average is $40.05.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Fidelity Enhanced Large Cap Core ETF by 17.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,329,851 shares of the company’s stock valued at $127,100,000 after purchasing an additional 489,073 shares in the last quarter. KFG Wealth Management LLC raised its stake in shares of Fidelity Enhanced Large Cap Core ETF by 21.9% during the 1st 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 in the last quarter. LPL Financial LLC raised its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the 1st quarter valued at about $72,976,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 65.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,893,097 shares of the company’s stock valued at $68,663,000 after buying an additional 748,283 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.