Processus Wealth & Capital Management LLC Increases Position in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)

Processus Wealth & Capital Management LLC increased its stake in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,050 shares of the company’s stock after acquiring an additional 649 shares during the period. Fidelity Enhanced Large Cap Value ETF makes up about 1.9% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 22nd largest holding. Processus Wealth & Capital Management LLC owned about 0.12% of Fidelity Enhanced Large Cap Value ETF worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity Enhanced Large Cap Value ETF by 6.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,438 shares of the company’s stock valued at $292,000 after buying an additional 552 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Fidelity Enhanced Large Cap Value ETF by 2.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 88,517 shares of the company’s stock valued at $2,740,000 after purchasing an additional 1,932 shares in the last quarter. James Investment Research Inc. acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at $365,000. Harbour Investments Inc. increased its holdings in Fidelity Enhanced Large Cap Value ETF by 9.0% in the 3rd quarter. Harbour Investments Inc. now owns 10,354 shares of the company’s stock valued at $321,000 after purchasing an additional 855 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at about $328,000.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Shares of FELV stock opened at $31.55 on Tuesday. The company’s 50-day simple moving average is $31.28 and its 200-day simple moving average is $31.15. Fidelity Enhanced Large Cap Value ETF has a one year low of $27.56 and a one year high of $32.93. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.36 and a beta of 0.67.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.