Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 12-Month High – Here’s What Happened

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) reached a new 52-week high on Thursday . The stock traded as high as $48.78 and last traded at $48.58, with a volume of 31533 shares changing hands. The stock had previously closed at $48.41.

Fidelity Enhanced Small Cap ETF Price Performance

The stock’s 50-day simple moving average is $47.06 and its two-hundred day simple moving average is $43.13. The firm has a market cap of $6.26 billion, a P/E ratio of 16.78 and a beta of 1.31.

Institutional Trading of Fidelity Enhanced Small Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its position in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after buying an additional 1,713,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Enhanced Small Cap ETF by 30.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock worth $122,066,000 after buying an additional 749,061 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter worth approximately $105,807,000. Commonwealth Equity Services LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF by 39.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,225,336 shares of the company’s stock worth $84,073,000 after acquiring an additional 624,608 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity Enhanced Small Cap ETF by 46.8% during the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock worth $74,560,000 after acquiring an additional 625,917 shares in the last quarter.

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.