Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $43.60 and traded as high as $43.68. Fidelity Enhanced Large Cap Core ETF shares last traded at $43.64, with a volume of 2,101,302 shares traded.

Fidelity Enhanced Large Cap Core ETF Trading Down 1.7%

The business’s fifty day moving average price is $43.58 and its 200 day moving average price is $40.99. The firm has a market capitalization of $8.58 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

Several institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the first quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in Fidelity Enhanced Large Cap Core ETF by 1,173.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock worth $33,000 after acquiring an additional 833 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF during the 3rd quarter worth $39,000. Monetary Solutions Ltd acquired a new position in Fidelity Enhanced Large Cap Core ETF during the 3rd quarter worth $39,000. Finally, IFP Advisors Inc increased its position in shares of Fidelity Enhanced Large Cap Core ETF by 42.3% in the 3rd quarter. IFP Advisors Inc now owns 1,618 shares of the company’s stock worth $70,000 after purchasing an additional 481 shares during the last quarter.

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.