PNC Financial Services Group Inc. increased its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) by 520.7% in the first quarter, Holdings Channel.com reports. The firm owned 13,563 shares of the company’s stock after buying an additional 11,378 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity Enhanced Small Cap ETF were worth $515,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FESM. Johnson Financial Group Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $66,000. Harbor Asset Planning Inc. lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after acquiring an additional 299 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $85,000. Advisory Services Network LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at $155,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 9,180.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,640 shares of the company’s stock valued at $170,000 after acquiring an additional 4,590 shares in the last quarter.
Fidelity Enhanced Small Cap ETF Stock Up 1.8%
Shares of FESM stock opened at $47.46 on Tuesday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 16.78 and a beta of 1.29. Fidelity Enhanced Small Cap ETF has a twelve month low of $32.34 and a twelve month high of $48.62. The stock’s fifty day simple moving average is $46.69 and its 200 day simple moving average is $42.74.
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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