Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Reaches New 52-Week High – Here’s Why

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $34.42 and last traded at $34.46, with a volume of 9014 shares changing hands. The stock had previously closed at $34.26.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.6%

The company has a market capitalization of $2.51 billion, a PE ratio of 18.67 and a beta of 0.86. The stock’s 50-day moving average is $33.60 and its two-hundred day moving average is $32.53.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 134.2% in the 1st quarter. Cetera Investment Advisers now owns 15,420 shares of the company’s stock worth $474,000 after buying an additional 8,836 shares during the last quarter. Sowa Financial Group Inc. lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 12.5% in the second quarter. Sowa Financial Group Inc. now owns 609,518 shares of the company’s stock valued at $19,364,000 after acquiring an additional 67,863 shares in the last quarter. Independence Financial Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 2,794.7% in the second quarter. Independence Financial Advisors LLC now owns 873,531 shares of the company’s stock valued at $27,752,000 after acquiring an additional 843,354 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the second quarter worth approximately $207,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the second quarter worth approximately $141,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.