Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 1-Year High – What’s Next?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $44.05 and last traded at $43.84, with a volume of 329558 shares trading hands. The stock had previously closed at $43.81.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.1%

The firm has a market capitalization of $5.53 billion, a P/E ratio of 32.16 and a beta of 1.21. The business has a 50-day moving average of $39.89 and a 200 day moving average of $40.79.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FELG. Royal Bank of Canada increased its position in Fidelity Enhanced Large Cap Growth ETF by 52.0% in the 1st quarter. Royal Bank of Canada now owns 45,754 shares of the company’s stock valued at $1,442,000 after buying an additional 15,660 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter valued at about $40,000. Marshall Wace LLP acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter valued at about $1,289,000. NewEdge Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 31.2% during the 2nd quarter. NewEdge Advisors LLC now owns 22,225 shares of the company’s stock valued at $823,000 after purchasing an additional 5,284 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter valued at about $407,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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