Summit Investment Advisors Inc. Takes Position in Fidelity Enhanced Small Cap ETF $FESM

Summit Investment Advisors Inc. acquired a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 16,133 shares of the company’s stock, valued at approximately $476,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in Fidelity Enhanced Small Cap ETF by 19.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,991,298 shares of the company’s stock valued at $58,703,000 after acquiring an additional 323,849 shares in the last quarter. LPL Financial LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 101.5% in the first quarter. LPL Financial LLC now owns 1,018,403 shares of the company’s stock valued at $30,023,000 after purchasing an additional 513,009 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Enhanced Small Cap ETF by 37.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,005,788 shares of the company’s stock worth $29,651,000 after purchasing an additional 272,665 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter worth approximately $13,531,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Fidelity Enhanced Small Cap ETF by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 419,351 shares of the company’s stock worth $13,415,000 after purchasing an additional 14,574 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

FESM stock opened at $36.26 on Friday. The stock’s 50 day moving average price is $36.69 and its 200 day moving average price is $33.70. The firm has a market cap of $2.83 billion, a P/E ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 1 year low of $25.19 and a 1 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.