Sowell Financial Services LLC Buys 53,243 Shares of Fidelity Enhanced Small Cap ETF $FESM

Sowell Financial Services LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 102.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,289 shares of the company’s stock after acquiring an additional 53,243 shares during the quarter. Sowell Financial Services LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $4,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FESM. Parkside Investments LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 5.2% in the 3rd quarter. Parkside Investments LLC now owns 402,136 shares of the company’s stock valued at $18,076,000 after acquiring an additional 19,753 shares during the period. Carnegie Investment Counsel bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter worth $648,000. tru Independence LLC lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 2.2% during the 3rd quarter. tru Independence LLC now owns 125,308 shares of the company’s stock worth $5,633,000 after purchasing an additional 2,729 shares during the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 5.4% during the 3rd quarter. Mayfair Advisory Group LLC now owns 313,592 shares of the company’s stock worth $14,096,000 after purchasing an additional 15,948 shares during the last quarter. Finally, LongView Wealth Management lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 12.7% during the 3rd quarter. LongView Wealth Management now owns 41,792 shares of the company’s stock worth $1,879,000 after purchasing an additional 4,699 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock opened at $45.33 on Thursday. Fidelity Enhanced Small Cap ETF has a 1-year low of $34.83 and a 1-year high of $48.93. The stock’s 50-day moving average is $46.31 and its 200 day moving average is $45.62. The company has a market cap of $6.62 billion, a P/E ratio of 16.78 and a beta of 1.32.

Fidelity Enhanced Small Cap ETF 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.