Waverly Advisors LLC Invests $45.74 Million in Fidelity Enhanced Small Cap ETF $FESM

Waverly Advisors LLC acquired a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 947,267 shares of the company’s stock, valued at approximately $45,744,000. Waverly Advisors LLC owned approximately 0.73% of Fidelity Enhanced Small Cap ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC grew its holdings in Fidelity Enhanced Small Cap ETF by 7.4% in the second quarter. Cornerstone Financial Management LLC now owns 19,485 shares of the company’s stock valued at $941,000 after purchasing an additional 1,344 shares during the last quarter. SFG Wealth Management LLC. purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the 2nd quarter worth about $686,000. HB Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the 2nd quarter worth about $444,000. Valued Retirements Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at about $209,000. Finally, TD Waterhouse Canada Inc. raised its position in Fidelity Enhanced Small Cap ETF by 4.4% during the second quarter. TD Waterhouse Canada Inc. now owns 35,527 shares of the company’s stock worth $1,710,000 after acquiring an additional 1,491 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA FESM traded down $0.27 on Tuesday, hitting $47.09. The company’s stock had a trading volume of 653,544 shares, compared to its average volume of 745,840. The stock has a 50 day moving average of $47.59 and a 200-day moving average of $44.11. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.78 and a beta of 1.30. Fidelity Enhanced Small Cap ETF has a 12-month low of $34.83 and a 12-month high of $48.93.

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.