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

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.32 and last traded at $47.28, with a volume of 61969 shares traded. The stock had previously closed at $46.77.

Fidelity Enhanced Small Cap ETF Trading Up 0.5%

The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The stock has a 50-day simple moving average of $44.05 and a 200 day simple moving average of $40.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $66,000. Harbor Asset Planning Inc. raised its holdings in Fidelity Enhanced Small Cap ETF by 18.1% during the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $83,000. IFP Advisors Inc bought a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $85,000. Finally, Piscataqua Savings Bank bought a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $94,000.

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.