Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares saw strong trading volume on Thursday . 3,194,681 shares changed hands during mid-day trading, an increase of 209% from the previous session’s volume of 1,034,872 shares.The stock last traded at $42.30 and had previously closed at $42.34.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.4%

The company has a 50 day simple moving average of $39.61 and a 200-day simple moving average of $38.60. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Hedge funds have recently modified their holdings of the stock. BIP Wealth LLC bought a new position in shares of Fidelity Enhanced Large Cap Core ETF in the 4th quarter valued at about $530,000. Fortress Financial Group LLC grew its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 5.8% in the 4th quarter. Fortress Financial Group LLC now owns 299,546 shares of the company’s stock valued at $11,434,000 after acquiring an additional 16,469 shares in the last quarter. Savvy Advisors Inc. bought a new position in shares of Fidelity Enhanced Large Cap Core ETF in the 4th quarter valued at about $1,635,000. Maripau Wealth Management LLC grew its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 42.0% in the 3rd quarter. Maripau Wealth Management LLC now owns 49,082 shares of the company’s stock valued at $1,829,000 after acquiring an additional 14,527 shares in the last quarter. Finally, Money Concepts Capital Corp bought a new position in shares of Fidelity Enhanced Large Cap Core ETF in the 4th quarter valued at about $546,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

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