Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $48.78 and last traded at $48.58, with a volume of 31533 shares. The stock had previously closed at $48.41.
Fidelity Enhanced Small Cap ETF Price Performance
The company’s 50-day simple moving average is $47.06 and its two-hundred day simple moving average is $43.13. The firm has a market capitalization of $6.26 billion, a P/E ratio of 16.78 and a beta of 1.31.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Fidelity Enhanced Small Cap ETF by 4.2% in the 1st quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock worth $6,109,000 after buying an additional 8,269 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 146.9% in the 2nd quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock worth $8,194,000 after buying an additional 152,392 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $1,873,000. CLG LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $681,000. Finally, Bank of America Corp DE lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 897.4% in the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock valued at $198,000 after acquiring an additional 5,564 shares during the last quarter.
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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