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

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

Fidelity Enhanced Large Cap Growth ETF Stock Performance

The company has a fifty day simple moving average of $33.95 and a two-hundred day simple moving average of $34.46. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 29.72 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings 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 buying an additional 537 shares during the period. Cornerstone Planning Group LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at approximately $38,000. Iron Horse Wealth Management LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the fourth quarter valued at approximately $46,000. Principal Securities Inc. lifted its stake in 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 boosted its holdings in shares of 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 in the last quarter.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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.