Sowell Financial Services LLC raised its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) by 102.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,289 shares of the company’s stock after purchasing an additional 53,243 shares during the period. Sowell Financial Services LLC owned about 0.07% of Fidelity Enhanced Small Cap ETF worth $4,733,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in FESM. Mosley Wealth Management purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter valued at $70,000. Johnson Financial Group Inc. raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 55.9% in the first quarter. Johnson Financial Group Inc. now owns 2,713 shares of the company’s stock valued at $103,000 after acquiring an additional 973 shares in the last quarter. Valued Retirements Inc. purchased a new stake in Fidelity Enhanced Small Cap ETF in the second quarter worth about $209,000. Harbor Asset Planning Inc. lifted its stake in Fidelity Enhanced Small Cap ETF by 201.8% in the first quarter. Harbor Asset Planning Inc. now owns 5,897 shares of the company’s stock worth $224,000 after acquiring an additional 3,943 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter worth about $249,000.
Fidelity Enhanced Small Cap ETF Stock Performance
NYSEARCA FESM opened at $45.33 on Thursday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.78 and a beta of 1.32. The company’s 50-day simple moving average is $46.31 and its two-hundred day simple moving average is $45.62. Fidelity Enhanced Small Cap ETF has a one year low of $34.83 and a one year high of $48.93.
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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