Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – What’s Next?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high on Monday. The stock traded as high as $44.11 and last traded at $42.45, with a volume of 102 shares changing hands. The stock had previously closed at $42.31.

Fidelity Enhanced Large Cap Value ETF Price Performance

The firm has a market cap of $3.51 billion, a PE ratio of 18.67 and a beta of 0.78. The business has a 50-day moving average price of $42.44 and a two-hundred day moving average price of $40.15.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Waverly Advisors LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 2.7% during the 2nd quarter. Waverly Advisors LLC now owns 9,446 shares of the company’s stock worth $379,000 after purchasing an additional 247 shares during the period. Roxbury Financial LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 2.5% during the second quarter. Roxbury Financial LLC now owns 11,275 shares of the company’s stock worth $452,000 after purchasing an additional 271 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 6.4% in the first quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $356,000 after purchasing an additional 616 shares during the period. Bank of America Corp DE grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 12,218 shares of the company’s stock valued at $427,000 after purchasing an additional 886 shares during the period. Finally, CoreCap Advisors LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 27.6% in the second quarter. CoreCap Advisors LLC now owns 4,581 shares of the company’s stock valued at $184,000 after purchasing an additional 992 shares during the period.

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.