Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) shares saw unusually-strong trading volume on Tuesday . Approximately 600,387 shares were traded during mid-day trading, an increase of 284% from the previous session’s volume of 156,543 shares.The stock last traded at $31.00 and had previously closed at $31.51.

Fidelity Enhanced Large Cap Value ETF Stock Down 2.0 %

The firm has a market capitalization of $1.97 billion, a PE ratio of 17.36 and a beta of 0.67. The stock has a 50-day moving average price of $31.37 and a 200 day moving average price of $31.23.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new position in Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at $25,000. Allworth Financial LP raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 4,634.4% in the fourth 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 fourth quarter worth about $69,000. Richardson Capital Management LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth about $117,000. Finally, Farther Finance Advisors LLC grew 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 valued at $136,000 after acquiring an additional 4,389 shares in the last quarter.

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.