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

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) shares hit a new 52-week high on Monday . The stock traded as high as $42.82 and last traded at $42.81, with a volume of 46345 shares changing hands. The stock had previously closed at $42.57.

Fidelity Enhanced Large Cap Core ETF Trading Up 1.0%

The company has a market capitalization of $8.10 billion, a PE ratio of 24.29 and a beta of 1.00. The business’s fifty day moving average is $41.95 and its two-hundred day moving average is $39.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FELC. Sax Wealth Advisors LLC lifted its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 2.6% during the second quarter. Sax Wealth Advisors LLC now owns 108,718 shares of the company’s stock valued at $4,556,000 after purchasing an additional 2,767 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Core ETF by 65.4% during the first quarter. NewEdge Advisors LLC now owns 1,893,097 shares of the company’s stock valued at $68,663,000 after buying an additional 748,283 shares during the last quarter. Maripau Wealth Management LLC increased its holdings in Fidelity Enhanced Large Cap Core ETF by 3.9% in the 1st quarter. Maripau Wealth Management LLC now owns 52,456 shares of the company’s stock worth $1,903,000 after buying an additional 1,971 shares in the last quarter. Western Wealth Management LLC bought a new stake in Fidelity Enhanced Large Cap Core ETF in the 1st quarter worth about $95,000. Finally, Bank of America Corp DE raised its position in Fidelity Enhanced Large Cap Core ETF by 3.3% in the 1st quarter. Bank of America Corp DE now owns 399,974 shares of the company’s stock worth $14,507,000 after buying an additional 12,937 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.