Independence Financial Advisors LLC Raises Stake in Fidelity Enhanced Large Cap Value ETF $FELV
by Mitch Edgeman · The Markets DailyIndependence Financial Advisors LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV – Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700,113 shares of the company’s stock after acquiring an additional 29,003 shares during the quarter. Fidelity Enhanced Large Cap Value ETF accounts for approximately 7.3% of Independence Financial Advisors LLC’s portfolio, making the stock its 3rd largest holding. Independence Financial Advisors LLC owned about 0.85% of Fidelity Enhanced Large Cap Value ETF worth $28,964,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 100.5% during the third quarter. CoreCap Advisors LLC now owns 9,183 shares of the company’s stock worth $380,000 after purchasing an additional 4,602 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Large Cap Value ETF by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock valued at $3,757,000 after buying an additional 20,470 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at about $226,000. NewEdge Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 23.7% during the 2nd quarter. NewEdge Advisors LLC now owns 52,263 shares of the company’s stock worth $2,095,000 after buying an additional 10,002 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 2.7% during the 2nd quarter. Waverly Advisors LLC now owns 9,446 shares of the company’s stock worth $379,000 after buying an additional 247 shares in the last quarter.
Fidelity Enhanced Large Cap Value ETF Price Performance
Shares of NYSEARCA FELV traded up $0.21 during midday trading on Thursday, reaching $42.06. The company’s stock had a trading volume of 316,893 shares, compared to its average volume of 206,779. The stock has a market capitalization of $3.47 billion, a P/E ratio of 18.67 and a beta of 0.78. The firm has a 50 day moving average price of $42.43 and a 200-day moving average price of $39.94. Fidelity Enhanced Large Cap Value ETF has a 12-month low of $32.73 and a 12-month high of $43.26.
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.
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