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

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) saw unusually-strong trading volume on Wednesday . Approximately 1,675,882 shares traded hands during trading, an increase of 106% from the previous session’s volume of 814,232 shares.The stock last traded at $33.71 and had previously closed at $33.76.

Fidelity Enhanced Large Cap Core ETF Price Performance

The business’s fifty day moving average price is $33.59 and its 200-day moving average price is $32.38. The stock has a market capitalization of $2.96 billion, a PE ratio of 23.72 and a beta of 0.88.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 2nd quarter valued at $336,000. Silverlake Wealth Management LLC grew its position in Fidelity Enhanced Large Cap Core ETF by 13.9% during the third quarter. Silverlake Wealth Management LLC now owns 37,104 shares of the company’s stock worth $1,191,000 after buying an additional 4,538 shares in the last quarter. Raymond James & Associates increased its stake in Fidelity Enhanced Large Cap Core ETF by 188.3% in the 3rd quarter. Raymond James & Associates now owns 341,702 shares of the company’s stock worth $10,965,000 after acquiring an additional 223,192 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Enhanced Large Cap Core ETF by 29.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,487,960 shares of the company’s stock valued at $47,749,000 after acquiring an additional 335,915 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Fidelity Enhanced Large Cap Core ETF during the 3rd quarter valued at about $116,000.

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.