Commonwealth Equity Services LLC Cuts Position in Fidelity Enhanced Small Cap ETF $FESM

Commonwealth Equity Services LLC lowered its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 12.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,749,825 shares of the company’s stock after selling 241,473 shares during the period. Commonwealth Equity Services LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $55,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Convergence Financial LLC raised its stake in Fidelity Enhanced Small Cap ETF by 42.4% in the 2nd quarter. Convergence Financial LLC now owns 34,648 shares of the company’s stock valued at $1,108,000 after purchasing an additional 10,315 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth about $520,000. IFG Advisory LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the second quarter valued at approximately $601,000. Atria Investments Inc purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the second quarter valued at approximately $5,758,000. Finally, Spire Wealth Management purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the second quarter valued at approximately $365,000.

Fidelity Enhanced Small Cap ETF Stock Performance

FESM stock opened at $36.72 on Friday. The company has a 50 day moving average price of $36.57 and a two-hundred day moving average price of $33.46. The stock has a market capitalization of $2.87 billion, a P/E ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a one year low of $25.19 and a one year high of $38.15.

Fidelity Enhanced Small Cap ETF Profile

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.