Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Large Volume Increase – What’s Next?

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) shares saw unusually-high trading volume on Tuesday . Approximately 465,850 shares were traded during trading, an increase of 56% from the previous session’s volume of 299,357 shares.The stock last traded at $33.19 and had previously closed at $32.99.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.6 %

The business has a fifty day moving average price of $34.66 and a 200-day moving average price of $34.48. The company has a market cap of $3.07 billion, a P/E ratio of 29.72 and a beta of 1.14.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in Fidelity Enhanced Large Cap Growth ETF by 147.5% in the fourth quarter. Larson Financial Group LLC now owns 901 shares of the company’s stock valued at $32,000 after buying an additional 537 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at about $38,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the fourth quarter valued at about $46,000. Principal Securities Inc. grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 1,469.3% during the fourth quarter. Principal Securities Inc. now owns 1,789 shares of the company’s stock worth $63,000 after purchasing an additional 1,675 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 38.3% in the fourth quarter. US Bancorp DE now owns 3,905 shares of the company’s stock valued at $138,000 after buying 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.