Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw strong trading volume on Tuesday . 600,387 shares changed hands during mid-day trading, an increase of 284% from the previous session’s volume of 156,543 shares.The stock last traded at $31.00 and had previously closed at $31.51.

Fidelity Enhanced Large Cap Value ETF Stock Performance

The stock’s 50 day moving average price is $31.37 and its 200-day moving average price is $31.23. The company has a market cap of $1.97 billion, a PE ratio of 17.36 and a beta of 0.67.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Fidelity Enhanced Large Cap Value ETF by 188.9% during the fourth quarter. FMR LLC now owns 11,535,300 shares of the company’s stock valued at $351,481,000 after buying an additional 7,542,064 shares during the period. Commonwealth Equity Services LLC increased its position in Fidelity Enhanced Large Cap Value ETF by 20.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,159,856 shares of the company’s stock valued at $35,341,000 after purchasing an additional 195,104 shares during the period. Stratos Wealth Partners LTD. bought a new position in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth $4,787,000. Advisory Resource Group purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $4,697,000. Finally, Sowa Financial Group Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 39.1% during the 4th quarter. Sowa Financial Group Inc. now owns 520,067 shares of the company’s stock valued at $15,846,000 after purchasing an additional 146,263 shares in 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.