86,206 Shares in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Purchased by FMA Wealth Management LLC

FMA Wealth Management LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 86,206 shares of the company’s stock, valued at approximately $2,774,000. Fidelity Enhanced Small Cap ETF makes up 2.0% of FMA Wealth Management LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FESM. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Enhanced Small Cap ETF by 436.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,423 shares of the company’s stock worth $478,000 after purchasing an additional 13,361 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 846.0% in the second quarter. Envestnet Asset Management Inc. now owns 205,988 shares of the company’s stock valued at $5,993,000 after buying an additional 184,214 shares during the period. PFG Investments LLC bought a new position in Fidelity Enhanced Small Cap ETF during the second quarter valued at about $239,000. Commonwealth Equity Services LLC grew its holdings in Fidelity Enhanced Small Cap ETF by 103.3% during the second quarter. Commonwealth Equity Services LLC now owns 612,902 shares of the company’s stock worth $17,832,000 after acquiring an additional 311,352 shares during the period. Finally, Keystone Wealth Services LLC raised its position in Fidelity Enhanced Small Cap ETF by 13.6% in the second quarter. Keystone Wealth Services LLC now owns 42,857 shares of the company’s stock worth $1,247,000 after acquiring an additional 5,141 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM traded down $0.01 during mid-day trading on Tuesday, hitting $32.56. The company’s stock had a trading volume of 108,054 shares, compared to its average volume of 73,144. The firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $30.03. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $24.58 and a fifty-two week high of $32.88. The stock has a market capitalization of $635.57 million, a price-to-earnings ratio of 16.61 and a beta of 1.22.

Fidelity Enhanced Small Cap ETF Company 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.