IFG Advisory LLC Takes $601,000 Position in Fidelity Enhanced Small Cap ETF $FESM

IFG Advisory LLC purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 18,790 shares of the company’s stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 19.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,991,298 shares of the company’s stock valued at $58,703,000 after purchasing an additional 323,849 shares during the last quarter. LPL Financial LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 101.5% in the 1st quarter. LPL Financial LLC now owns 1,018,403 shares of the company’s stock valued at $30,023,000 after purchasing an additional 513,009 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Enhanced Small Cap ETF by 37.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,005,788 shares of the company’s stock valued at $29,651,000 after purchasing an additional 272,665 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at $13,531,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Fidelity Enhanced Small Cap ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 419,351 shares of the company’s stock valued at $13,415,000 after purchasing an additional 14,574 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $37.18 on Monday. Fidelity Enhanced Small Cap ETF has a 52-week low of $25.19 and a 52-week high of $38.15. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. The business’s fifty day moving average is $36.44 and its 200-day moving average is $33.21.

About Fidelity Enhanced Small Cap ETF

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.