Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 1-Year High – Here’s What Happened

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price reached a new 52-week high on Monday . The stock traded as high as $42.42 and last traded at $42.39, with a volume of 20469 shares trading hands. The stock had previously closed at $41.96.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The stock has a market capitalization of $3.38 billion, a PE ratio of 18.67 and a beta of 0.76. The firm has a 50 day moving average of $40.44 and a 200-day moving average of $37.87.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

A number of hedge funds have recently made changes to their positions in FELV. Royal Bank of Canada grew its position in Fidelity Enhanced Large Cap Value ETF by 113.0% during the first quarter. Royal Bank of Canada now owns 147,474 shares of the company’s stock valued at $4,533,000 after purchasing an additional 78,251 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Fidelity Enhanced Large Cap Value ETF by 14.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,498 shares of the company’s stock worth $230,000 after buying an additional 923 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Fidelity Enhanced Large Cap Value ETF by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,930 shares of the company’s stock worth $2,334,000 after buying an additional 16,531 shares in the last quarter. Focus Partners Wealth purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 1st quarter worth approximately $235,000. Finally, Cerity Partners LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 2nd quarter valued at $213,000.

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.