Penobscot Wealth Management bought a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 54,530 shares of the company’s stock, valued at approximately $2,072,000. Fidelity Enhanced Small Cap ETF comprises about 0.6% of Penobscot Wealth Management’s portfolio, making the stock its 26th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $66,000. Harbor Asset Planning Inc. lifted its holdings in Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after buying an additional 299 shares during the period. PNC Financial Services Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $83,000. IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $85,000. Finally, Piscataqua Savings Bank acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter worth about $94,000.
Fidelity Enhanced Small Cap ETF Price Performance
Shares of NYSEARCA:FESM opened at $47.57 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The business’s 50-day moving average is $44.59 and its 200-day moving average is $41.09. Fidelity Enhanced Small Cap ETF has a 1 year low of $31.34 and a 1 year high of $48.05.
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.
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Want to see what other hedge funds are holding FESM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report).
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