Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,831,304 shares of the company’s stock, valued at approximately $127,267,000.
A number of other hedge funds and other institutional investors have also modified their holdings of FESM. Balance Wealth Partners LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at approximately $31,000. Root Financial Partners LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter valued at approximately $58,000. Mosley Wealth Management bought a new stake in Fidelity Enhanced Small Cap ETF during the third quarter worth approximately $70,000. Johnson Financial Group Inc. raised its holdings in Fidelity Enhanced Small Cap ETF by 55.9% during the first quarter. Johnson Financial Group Inc. now owns 2,713 shares of the company’s stock worth $103,000 after purchasing an additional 973 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new stake in Fidelity Enhanced Small Cap ETF in the third quarter worth approximately $164,000.
Fidelity Enhanced Small Cap ETF Stock Performance
Shares of FESM stock traded up $0.22 during mid-day trading on Friday, hitting $44.33. 1,743,632 shares of the stock traded hands, compared to its average volume of 841,242. Fidelity Enhanced Small Cap ETF has a twelve month low of $34.83 and a twelve month high of $48.93. The company’s 50-day simple moving average is $45.67 and its 200-day simple moving average is $44.01. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 18.06 and a beta of 1.31.
Fidelity Enhanced Small Cap ETF Company 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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Want to see what other hedge funds are holding FESM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report).
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