Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 1-Year High – Still a Buy?

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) hit a new 52-week high on Thursday . The company traded as high as $36.02 and last traded at $35.94, with a volume of 555 shares trading hands. The stock had previously closed at $35.87.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.3%

The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86. The stock’s fifty day simple moving average is $34.93 and its 200-day simple moving average is $33.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dunhill Financial LLC raised its position in Fidelity Enhanced Large Cap Value ETF by 2.3% in the 4th quarter. Dunhill Financial LLC now owns 13,680 shares of the company’s stock valued at $474,000 after purchasing an additional 308 shares in the last quarter. Creative Planning raised its holdings in Fidelity Enhanced Large Cap Value ETF by 2.9% in the second quarter. Creative Planning now owns 17,049 shares of the company’s stock valued at $542,000 after acquiring an additional 483 shares in the last quarter. Vestia Personal Wealth Advisors raised its holdings in Fidelity Enhanced Large Cap Value ETF by 1.5% in the fourth quarter. Vestia Personal Wealth Advisors now owns 34,146 shares of the company’s stock valued at $1,221,000 after acquiring an additional 493 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Fidelity Enhanced Large Cap Value ETF by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,177 shares of the company’s stock worth $542,000 after acquiring an additional 538 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Enhanced Large Cap Value ETF by 6.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,306 shares of the company’s stock worth $379,000 after acquiring an additional 711 shares in the last quarter.

About Fidelity Enhanced Large Cap Value ETF

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