Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $47.32 and last traded at $47.28, with a volume of 61969 shares trading hands. The stock had previously closed at $46.77.
Fidelity Enhanced Small Cap ETF Stock Up 0.5%
The firm has a market capitalization of $5.29 billion, a P/E ratio of 16.78 and a beta of 1.35. The stock has a fifty day simple moving average of $44.05 and a 200 day simple moving average of $40.83.
Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in Fidelity Enhanced Small Cap ETF in the first quarter valued at $105,807,000. JPMorgan Chase & Co. grew its stake in shares of Fidelity Enhanced Small Cap ETF by 39,683.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,845,939 shares of the company’s stock valued at $69,740,000 after buying an additional 1,841,299 shares during the period. Tableaux LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $68,706,000. Dynasty Wealth Management LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $67,286,000. Finally, Quotient Wealth Partners LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $66,765,000.
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.
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