Cambridge Investment Research Advisors Inc. Reduces Stock Position in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV)

Cambridge Investment Research Advisors Inc. decreased its position in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,222 shares of the company’s stock after selling 5,810 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.08% of Fidelity Enhanced Large Cap Value ETF worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FELV. Processus Wealth & Capital Management LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 0.6% in the 2nd quarter. Processus Wealth & Capital Management LLC now owns 80,899 shares of the company’s stock worth $2,310,000 after buying an additional 498 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 3.1% during the 1st quarter. Essex Financial Services Inc. now owns 44,077 shares of the company’s stock valued at $1,287,000 after purchasing an additional 1,306 shares in the last quarter. Investment Advisory Group LLC boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 6.1% during the 1st quarter. Investment Advisory Group LLC now owns 26,203 shares of the company’s stock valued at $765,000 after purchasing an additional 1,502 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF during the first quarter valued at about $48,000. Finally, CWM LLC bought a new position in Fidelity Enhanced Large Cap Value ETF in the first quarter worth about $52,000.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Fidelity Enhanced Large Cap Value ETF stock opened at $30.24 on Thursday. Fidelity Enhanced Large Cap Value ETF has a fifty-two week low of $24.85 and a fifty-two week high of $30.71. The stock’s 50 day simple moving average is $29.35 and its two-hundred day simple moving average is $28.74. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 17.36 and a beta of 0.67.

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.