Provenance Wealth Advisors LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 401,441 shares of the company’s stock, valued at approximately $18,045,000. Fidelity Enhanced Small Cap ETF accounts for about 1.1% of Provenance Wealth Advisors LLC’s holdings, making the stock its 20th largest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sowell Financial Services LLC lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 1.2% in the 3rd quarter. Sowell Financial Services LLC now owns 52,645 shares of the company’s stock valued at $2,366,000 after purchasing an additional 599 shares during the last quarter. Balance Wealth Partners LLC acquired a new position in Fidelity Enhanced Small Cap ETF during the third quarter worth $31,000. Verdence Capital Advisors LLC increased its position in Fidelity Enhanced Small Cap ETF by 9.0% during the third quarter. Verdence Capital Advisors LLC now owns 8,976 shares of the company’s stock worth $403,000 after buying an additional 741 shares during the last quarter. MFA Wealth Services increased its position in Fidelity Enhanced Small Cap ETF by 4.5% during the third quarter. MFA Wealth Services now owns 19,327 shares of the company’s stock worth $869,000 after buying an additional 832 shares during the last quarter. Finally, Canvas Wealth Advisors LLC raised its holdings in Fidelity Enhanced Small Cap ETF by 3.0% during the first quarter. Canvas Wealth Advisors LLC now owns 32,196 shares of the company’s stock valued at $1,223,000 after buying an additional 942 shares in the last quarter.
Fidelity Enhanced Small Cap ETF Price Performance
Shares of NYSEARCA:FESM opened at $45.58 on Wednesday. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $34.83 and a fifty-two week high of $48.93. The business has a 50-day moving average of $45.85 and a two-hundred day moving average of $43.94. The stock has a market capitalization of $6.72 billion, a P/E ratio of 18.06 and a beta of 1.32.
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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