Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Large Volume Increase – Still a Buy?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares saw unusually-high trading volume on Tuesday . Approximately 465,850 shares changed hands during trading, an increase of 56% from the previous session’s volume of 299,357 shares.The stock last traded at $33.19 and had previously closed at $32.99.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.5 %

The business has a 50-day moving average price of $34.76 and a 200-day moving average price of $34.48. The stock has a market cap of $3.16 billion, a PE ratio of 29.72 and a beta of 1.14.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Fidelity Enhanced Large Cap Growth ETF by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 406,776 shares of the company’s stock valued at $13,497,000 after acquiring an additional 62,541 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Fidelity Enhanced Large Cap Growth ETF by 202.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,180 shares of the company’s stock valued at $431,000 after purchasing an additional 8,156 shares during the last quarter. Principal Securities Inc. lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 1,469.3% in the 4th quarter. Principal Securities Inc. now owns 1,789 shares of the company’s stock valued at $63,000 after purchasing an additional 1,675 shares in the last quarter. HighTower Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 4.1% during the 3rd quarter. HighTower Advisors LLC now owns 17,190 shares of the company’s stock worth $569,000 after purchasing an additional 679 shares during the last quarter. Finally, Iron Horse Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the fourth quarter worth $46,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.