Independence Financial Advisors LLC Purchases 843,354 Shares of Fidelity Enhanced Large Cap Value ETF $FELV

Independence Financial Advisors LLC lifted its position in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) by 2,794.7% in the second quarter, HoldingsChannel.com reports. The firm owned 873,531 shares of the company’s stock after acquiring an additional 843,354 shares during the period. Fidelity Enhanced Large Cap Value ETF comprises 10.8% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Independence Financial Advisors LLC’s holdings in Fidelity Enhanced Large Cap Value ETF were worth $27,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at $66,000. Farther Finance Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 3,650.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,625 shares of the company’s stock valued at $83,000 after acquiring an additional 2,555 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF in the second quarter valued at about $141,000. Valeo Financial Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF in the second quarter worth about $207,000. Finally, FMA Wealth Management LLC bought a new position in Fidelity Enhanced Large Cap Value ETF during the second quarter worth about $226,000.

Fidelity Enhanced Large Cap Value ETF Trading Down 0.4%

NYSEARCA FELV opened at $33.72 on Friday. Fidelity Enhanced Large Cap Value ETF has a 1-year low of $26.48 and a 1-year high of $34.42. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86. The stock’s 50 day moving average is $33.53 and its two-hundred day moving average is $32.27.

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.