World Investment Advisors Takes Position in Fidelity Enhanced Small Cap ETF $FESM

World Investment Advisors purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,091 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DecisionMap Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $1,398,000. American National Bank of Texas acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $6,226,000. Focus Financial Network Inc. purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at approximately $2,301,000. Mayfair Advisory Group LLC lifted its position in shares of Fidelity Enhanced Small Cap ETF by 37.8% in the 4th quarter. Mayfair Advisory Group LLC now owns 207,504 shares of the company’s stock valued at $7,898,000 after acquiring an additional 56,941 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in Fidelity Enhanced Small Cap ETF by 28.4% in the 4th quarter. First Heartland Consultants Inc. now owns 147,535 shares of the company’s stock worth $5,574,000 after purchasing an additional 32,646 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA FESM opened at $46.84 on Wednesday. Fidelity Enhanced Small Cap ETF has a twelve month low of $31.24 and a twelve month high of $47.42. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The firm’s 50 day moving average price is $44.33 and its two-hundred day moving average price is $40.96.

Fidelity Enhanced Small Cap ETF 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.