Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Strong Trading Volume – What’s Next?

Shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw strong trading volume on Tuesday . 604,093 shares changed hands during mid-day 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 Stock Performance

The business has a fifty day moving average of $31.37 and a 200-day moving average of $31.27. The company has a market capitalization of $2.20 billion, a P/E ratio of 18.85 and a beta of 0.67.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Several large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $26,000. Allworth Financial LP increased its holdings in Fidelity Enhanced Large Cap Value ETF by 4,634.4% in the 4th quarter. Allworth Financial LP now owns 1,515 shares of the company’s stock worth $48,000 after acquiring an additional 1,483 shares during the last quarter. PSI Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $69,000. Finally, Richardson Capital Management LLC bought a new position in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $117,000.

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.