Fidelity Enhanced Large Cap Core ETF·Financial Services

BIP Wealth LLC purchased a new stake in Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,874 shares of the company's stock, valued at approximately $530,000. Several other institutional investors also recently bought and sold shares of

EdgeRock Capital LLC grew its stake in shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,966,767 shares of the company's stock after buying an additional

Axxcess Wealth Management LLC bought a new position in shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,865 shares of the company's stock, valued at approximately $964,000. Other hedge funds and other

Fidelity Enhanced Large Cap Core ETF is heavily indexed to US megacap tech, much like the regular US market index. FELC trades at a slight premium valuation (25.9x) versus the US market median (23.6x), with strong correlation to broad market index ETFs despite a higher expense ratio. The issue is that with AI stocks already priced to perfection, their successes only risk hurting other parts of the market, with this week demonstrating those AI scares.
A U.S. equity strategy maintaining a large-cap core profile, leveraging a disciplined approach investing in companies with attractive characteristics.
Financial Services
Asset Management
2023-11-20
0.99
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