Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 52-Week High – Still a Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) reached a new 52-week high on Tuesday . The stock traded as high as $35.76 and last traded at $35.6990, with a volume of 49378 shares. The stock had previously closed at $35.66.

Fidelity Enhanced Large Cap Value ETF Trading Down 0.3%

The company has a market cap of $2.61 billion, a P/E ratio of 18.67 and a beta of 0.86. The company has a 50 day moving average price of $34.44 and a 200-day moving average price of $33.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 4.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock valued at $60,506,000 after acquiring an additional 76,667 shares during the period. Independence Financial Advisors LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 4.9% in the third quarter. Independence Financial Advisors LLC now owns 916,296 shares of the company’s stock valued at $30,723,000 after purchasing an additional 42,765 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Large Cap Value ETF by 25.9% in the second quarter. Envestnet Asset Management Inc. now owns 842,672 shares of the company’s stock valued at $26,772,000 after purchasing an additional 173,460 shares in the last quarter. Sowa Financial Group Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 2.8% during the third quarter. Sowa Financial Group Inc. now owns 626,311 shares of the company’s stock valued at $21,000,000 after purchasing an additional 16,793 shares during the period. Finally, Weil Company Inc. bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 2nd quarter worth about $8,054,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.