Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 1-Year High – Time to Buy?

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) hit a new 52-week high on Thursday . The company traded as high as $35.08 and last traded at $35.08, with a volume of 937739 shares traded. The stock had previously closed at $34.79.

Fidelity Enhanced Large Cap Core ETF Trading Up 0.4%

The firm has a market cap of $4.79 billion, a P/E ratio of 24.29 and a beta of 0.88. The business has a 50-day moving average of $33.84 and a two-hundred day moving average of $32.63.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FELC. FMR LLC grew its position in shares of Fidelity Enhanced Large Cap Core ETF by 37.6% in the 4th quarter. FMR LLC now owns 39,187,804 shares of the company’s stock valued at $1,290,454,000 after buying an additional 10,715,354 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Fidelity Enhanced Large Cap Core ETF by 25.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,497,740 shares of the company’s stock valued at $109,095,000 after buying an additional 703,058 shares during the last quarter. Fragasso Financial Advisors Inc grew its position in shares of Fidelity Enhanced Large Cap Core ETF by 24.4% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 3,295,512 shares of the company’s stock valued at $113,662,000 after buying an additional 645,996 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the 1st quarter valued at about $72,976,000. Finally, KFG Wealth Management LLC grew its position in shares of Fidelity Enhanced Large Cap Core ETF by 9.2% in the 2nd quarter. KFG Wealth Management LLC now owns 2,224,321 shares of the company’s stock valued at $76,717,000 after buying an additional 187,258 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.