Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 52-Week High – Time to Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.88 and last traded at $34.82, with a volume of 31589 shares changing hands. The stock had previously closed at $34.79.

Fidelity Enhanced Large Cap Core ETF Trading Down 0.0%

The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 24.29 and a beta of 0.88. The firm’s 50 day simple moving average is $33.62 and its 200-day simple moving average is $32.57.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rolek Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth $209,000. Truist Financial Corp grew its stake in shares of Fidelity Enhanced Large Cap Core ETF by 17.6% during the 2nd quarter. Truist Financial Corp now owns 57,848 shares of the company’s stock worth $1,995,000 after purchasing an additional 8,639 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth $65,146,000. Herbst Group LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth $248,000. Finally, Axis Wealth Partners LLC acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter worth $341,000.

About Fidelity Enhanced Large Cap Core ETF

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.