Royal Bank of Canada Raises Holdings in Fidelity Enhanced Small Cap ETF $FESM

Royal Bank of Canada increased its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 30.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,220,056 shares of the company’s stock after acquiring an additional 286,625 shares during the quarter. Royal Bank of Canada owned approximately 1.08% of Fidelity Enhanced Small Cap ETF worth $46,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FESM. Johnson Financial Group Inc. bought a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth approximately $66,000. Harbor Asset Planning Inc. grew its holdings in Fidelity Enhanced Small Cap ETF by 18.1% in the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after acquiring an additional 299 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $83,000. IFP Advisors Inc purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $85,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the third quarter worth about $155,000.

Fidelity Enhanced Small Cap ETF Price Performance

FESM opened at $46.63 on Monday. Fidelity Enhanced Small Cap ETF has a one year low of $31.72 and a one year high of $48.62. The business has a 50 day simple moving average of $46.64 and a two-hundred day simple moving average of $42.69. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 16.78 and a beta of 1.29.

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.