SFG Wealth Management LLC. acquired a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,215 shares of the company’s stock, valued at approximately $686,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $66,000. PNC Financial Services Group Inc. purchased a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $83,000. IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter valued at approximately $85,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter worth approximately $155,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 9,180.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,640 shares of the company’s stock worth $170,000 after acquiring an additional 4,590 shares during the period.
Fidelity Enhanced Small Cap ETF Stock Performance
Shares of NYSEARCA:FESM opened at $47.36 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 16.78 and a beta of 1.30. The stock has a 50 day moving average price of $47.60 and a 200-day moving average price of $44.03. Fidelity Enhanced Small Cap ETF has a 52-week low of $34.83 and a 52-week 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.
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