Raymond James Financial Inc. Invests $1.83 Million in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)

Raymond James Financial Inc. bought a new position in shares of Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) during the fourth quarter, Holdings Channel reports. The fund bought 60,181 shares of the company’s stock, valued at approximately $1,834,000.

Several other hedge funds have also modified their holdings of the stock. Kovitz Investment Group Partners LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF in the 3rd quarter worth approximately $328,000. Northeast Financial Consultants Inc purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF during the third quarter valued at $224,000. Sunbelt Securities Inc. lifted its stake in Fidelity Enhanced Large Cap Value ETF by 93.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 49,557 shares of the company’s stock worth $1,534,000 after acquiring an additional 23,879 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in Fidelity Enhanced Large Cap Value ETF by 28.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 23,103 shares of the company’s stock worth $715,000 after acquiring an additional 5,127 shares during the period. Finally, PSI Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at about $69,000.

Fidelity Enhanced Large Cap Value ETF Price Performance

NYSEARCA FELV opened at $30.74 on Tuesday. The company has a 50 day simple moving average of $31.36 and a 200-day simple moving average of $31.32. Fidelity Enhanced Large Cap Value ETF has a 52-week low of $27.56 and a 52-week high of $32.93. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 18.65 and a beta of 0.67.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.