Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares saw unusually-high trading volume on Thursday . Approximately 3,194,681 shares changed hands during trading, an increase of 209% from the previous session’s volume of 1,034,872 shares.The stock last traded at $42.30 and had previously closed at $42.34.

Fidelity Enhanced Large Cap Core ETF Stock Down 2.7%

The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 24.29 and a beta of 1.01. The company’s 50-day simple moving average is $39.83 and its 200-day simple moving average is $38.65.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BIP Wealth LLC purchased a new position in Fidelity Enhanced Large Cap Core ETF during the 4th quarter worth approximately $530,000. Fortress Financial Group LLC grew its position in Fidelity Enhanced Large Cap Core ETF by 5.8% during the 4th quarter. Fortress Financial Group LLC now owns 299,546 shares of the company’s stock worth $11,434,000 after purchasing an additional 16,469 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Fidelity Enhanced Large Cap Core ETF during the 4th quarter worth approximately $1,635,000. Money Concepts Capital Corp purchased a new position in Fidelity Enhanced Large Cap Core ETF during the 4th quarter worth approximately $546,000. Finally, Maripau Wealth Management LLC grew its position in Fidelity Enhanced Large Cap Core ETF by 42.0% during the 3rd quarter. Maripau Wealth Management LLC now owns 49,082 shares of the company’s stock worth $1,829,000 after purchasing an additional 14,527 shares in 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.