Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 12-Month High – Should You Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) shares reached a new 52-week high on Thursday . The stock traded as high as $45.94 and last traded at $45.87, with a volume of 1172910 shares traded. The stock had previously closed at $44.54.

Fidelity Enhanced Small Cap ETF Stock Up 3.0%

The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The firm’s 50 day moving average is $42.97 and its two-hundred day moving average is $40.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $66,000. Harbor Asset Planning Inc. increased its stake in shares of Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after acquiring an additional 299 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $83,000. IFP Advisors Inc acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $85,000. Finally, Piscataqua Savings Bank acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $94,000.

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.