Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Hits New 52-Week Low – What’s Next?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares reached a new 52-week low on Monday . The company traded as low as $26.91 and last traded at $26.99, with a volume of 244181 shares changing hands. The stock had previously closed at $28.40.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

The firm has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $34.46. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 29.72 and a beta of 1.14.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 147.5% in the 4th quarter. Larson Financial Group LLC now owns 901 shares of the company’s stock valued at $32,000 after purchasing an additional 537 shares during the period. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at about $38,000. Iron Horse Wealth Management LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF during the fourth quarter worth about $46,000. Principal Securities Inc. raised its stake 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 worth $63,000 after purchasing an additional 1,675 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Fidelity Enhanced Large Cap Growth ETF by 38.3% in the 4th quarter. US Bancorp DE now owns 3,905 shares of the company’s stock valued at $138,000 after purchasing an additional 1,082 shares during the period.

About Fidelity Enhanced Large Cap Growth ETF

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.