Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Hits New 12-Month High – Still a Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)’s share price reached a new 52-week high on Tuesday . The company traded as high as $39.50 and last traded at $39.50, with a volume of 530 shares. The stock had previously closed at $38.29.

Fidelity Enhanced Large Cap Value ETF Trading Down 0.7%

The stock has a market cap of $2.92 billion, a PE ratio of 18.67 and a beta of 0.82. The firm has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $35.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Founders Financial Alliance LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 3rd quarter valued at $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $31,000. Assetmark Inc. lifted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% during the fourth quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after purchasing an additional 950 shares during the last quarter. SHP Wealth Management bought a new position in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $53,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after buying an additional 1,867 shares during the last quarter.

About Fidelity Enhanced Large Cap Value ETF

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.