Modus Advisors LLC Buys 26,281 Shares of Fidelity Enhanced Small Cap ETF $FESM

Modus Advisors LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 20.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 157,676 shares of the company’s stock after acquiring an additional 26,281 shares during the quarter. Fidelity Enhanced Small Cap ETF comprises 1.6% of Modus Advisors LLC’s portfolio, making the stock its 18th biggest holding. Modus Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $5,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Harbor Asset Planning Inc. raised its holdings in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after buying an additional 299 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $83,000. IFP Advisors Inc bought a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $85,000. Piscataqua Savings Bank bought a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $94,000. Finally, Advisory Services Network LLC bought a new position in Fidelity Enhanced Small Cap ETF during the third quarter valued at about $155,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA:FESM opened at $44.31 on Friday. The company has a market cap of $4.98 billion, a P/E ratio of 16.78 and a beta of 1.35. The stock’s 50-day moving average is $42.53 and its 200-day moving average is $40.15. Fidelity Enhanced Small Cap ETF has a 52-week low of $30.37 and a 52-week high of $45.94.

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.