Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Volume Increase – Should You Buy?

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw strong trading volume on Tuesday . 604,093 shares were traded during trading, an increase of 280% from the previous session’s volume of 159,073 shares.The stock last traded at $30.72 and had previously closed at $30.84.

Fidelity Enhanced Large Cap Value ETF Price Performance

The firm has a 50-day moving average of $31.37 and a 200 day moving average of $31.27. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 18.85 and a beta of 0.67.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FELV. Processus Wealth & Capital Management LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 0.8% during the 4th quarter. Processus Wealth & Capital Management LLC now owns 79,050 shares of the company’s stock worth $2,409,000 after buying an additional 649 shares during the period. Westside Investment Management Inc. bought a new position in Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at about $26,000. Allworth Financial LP boosted its position in Fidelity Enhanced Large Cap Value ETF by 4,634.4% in the fourth quarter. Allworth Financial LP now owns 1,515 shares of the company’s stock valued at $48,000 after buying an additional 1,483 shares in the last quarter. Finally, PSI Advisors LLC bought a new position in Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at approximately $69,000.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.