Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sets New 52-Week High – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $38.53 and last traded at $38.51, with a volume of 39204 shares. The stock had previously closed at $38.39.

Fidelity Enhanced Large Cap Value ETF Trading Down 1.2%

The stock has a 50 day simple moving average of $36.28 and a 200 day simple moving average of $35.51. The stock has a market cap of $2.93 billion, a P/E ratio of 18.67 and a beta of 0.82.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Founders Financial Alliance LLC bought a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $31,000. Assetmark Inc. boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after acquiring an additional 950 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $53,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 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.