Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Reaches New 12-Month High – What’s Next?

Shares of Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) hit a new 52-week high on Thursday . The stock traded as high as $40.14 and last traded at $39.98, with a volume of 317572 shares trading hands. The stock had previously closed at $39.72.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.5%

The firm has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $35.06. The company has a market capitalization of $4.03 billion, a PE ratio of 32.16 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC purchased a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter valued at approximately $40,000. Russell Investments Group Ltd. purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the second quarter valued at approximately $40,000. Abound Wealth Management purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the second quarter valued at approximately $40,000. Finally, Colonial Trust Advisors purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the second quarter valued at approximately $42,000.

About Fidelity Enhanced Large Cap Growth ETF

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.