Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sets New 1-Year High – Here’s Why

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.03 and last traded at $42.03, with a volume of 34885 shares trading hands. The stock had previously closed at $41.74.

Fidelity Enhanced Large Cap Core ETF Stock Up 0.6%

The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. The business has a 50 day moving average price of $38.86 and a 200-day moving average price of $38.38.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of large investors have recently added to or reduced their stakes in FELC. Royal Bank of Canada grew its holdings in Fidelity Enhanced Large Cap Core ETF by 28,371.0% during the 1st quarter. Royal Bank of Canada now owns 256,239 shares of the company’s stock valued at $7,992,000 after purchasing an additional 255,339 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Fidelity Enhanced Large Cap Core ETF by 1,038.8% during the 1st quarter. Jones Financial Companies Lllp now owns 9,224 shares of the company’s stock valued at $288,000 after purchasing an additional 8,414 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Fidelity Enhanced Large Cap Core ETF during the 1st quarter valued at $72,976,000. Jane Street Group LLC grew its holdings in Fidelity Enhanced Large Cap Core ETF by 206.1% during the 1st quarter. Jane Street Group LLC now owns 270,660 shares of the company’s stock valued at $8,442,000 after purchasing an additional 182,226 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Fidelity Enhanced Large Cap Core ETF by 5.3% during the 2nd quarter. Cerity Partners LLC now owns 186,678 shares of the company’s stock valued at $6,438,000 after purchasing an additional 9,467 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.