Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 52-Week High – Time to Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.15 and last traded at $44.14, with a volume of 105082 shares. The stock had previously closed at $43.84.

Fidelity Enhanced Small Cap ETF Price Performance

The firm has a market capitalization of $4.92 billion, a PE ratio of 16.78 and a beta of 1.37. The business’s 50-day moving average price is $39.75 and its 200-day moving average price is $38.88.

Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF

A number of hedge funds have recently modified their holdings of the business. HBW Advisory Services LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the first quarter worth approximately $559,000. Uptick Partners LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 191.6% during the first quarter. Uptick Partners LLC now owns 21,319 shares of the company’s stock worth $810,000 after acquiring an additional 14,008 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 91.1% during the first quarter. Valmark Advisers Inc. now owns 56,923 shares of the company’s stock worth $2,163,000 after purchasing an additional 27,131 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the first quarter worth $105,807,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 57.5% during the first quarter. Kestra Advisory Services LLC now owns 712,371 shares of the company’s stock worth $27,070,000 after purchasing an additional 260,127 shares during the period.

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.