Bestgate Wealth Advisors LLC Buys New Stake in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)

Bestgate Wealth Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,850 shares of the company’s stock, valued at approximately $331,000.

A number of other hedge funds have also recently modified their holdings of FELV. Westside Investment Management Inc. purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at $25,000. Allworth Financial LP grew its position in shares of 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 valued at $48,000 after buying an additional 1,483 shares during the last quarter. PSI Advisors LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at $69,000. Richardson Capital Management LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at $117,000. Finally, Farther Finance Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Value ETF by 6,270.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,459 shares of the company’s stock worth $136,000 after purchasing an additional 4,389 shares during the period.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of NYSEARCA:FELV opened at $30.71 on Wednesday. The stock has a market cap of $2.18 billion, a P/E ratio of 18.85 and a beta of 0.67. The firm has a fifty day moving average price of $31.37 and a 200 day moving average price of $31.27. Fidelity Enhanced Large Cap Value ETF has a 1-year low of $27.56 and a 1-year high of $32.93.

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.