Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 1-Year High – Time to Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $41.75 and last traded at $41.75, with a volume of 32194 shares. The stock had previously closed at $41.33.

Fidelity Enhanced Large Cap Growth ETF Price Performance

The stock has a market cap of $4.53 billion, a PE ratio of 32.16 and a beta of 1.14. The stock’s fifty day moving average is $40.28 and its 200-day moving average is $36.97.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FELG. MML Investors Services LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 20.4% in the second quarter. MML Investors Services LLC now owns 5,981,257 shares of the company’s stock valued at $221,486,000 after acquiring an additional 1,011,892 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Enhanced Large Cap Growth ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 5,941,796 shares of the company’s stock valued at $220,025,000 after purchasing an additional 424,675 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 47.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,520,372 shares of the company’s stock valued at $130,359,000 after purchasing an additional 1,139,503 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 116.7% in the 1st quarter. LPL Financial LLC now owns 1,243,952 shares of the company’s stock valued at $39,184,000 after purchasing an additional 669,864 shares during the last quarter. Finally, Independence Financial Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 1,399.4% during the 2nd quarter. Independence Financial Advisors LLC now owns 830,356 shares of the company’s stock worth $30,748,000 after purchasing an additional 774,977 shares during the period.

About Fidelity Enhanced Large Cap Growth ETF

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.