InTrack Investment Management Inc Raises Position in Fidelity Enhanced Small Cap ETF $FESM

InTrack Investment Management Inc lifted its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 427.4% in the second quarter, Holdings Channel reports. The firm owned 56,216 shares of the company’s stock after buying an additional 45,557 shares during the period. Fidelity Enhanced Small Cap ETF comprises about 1.4% of InTrack Investment Management Inc’s portfolio, making the stock its 26th largest position. InTrack Investment Management Inc’s holdings in Fidelity Enhanced Small Cap ETF were worth $2,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $532,000. LPL Financial LLC grew its stake 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 worth $161,940,000 after acquiring an additional 1,713,064 shares during the last quarter. KFG Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the first quarter worth about $16,325,000. TritonPoint Partners LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $1,331,000. Finally, Landing Point Financial Group LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 6.3% during the fourth quarter. Landing Point Financial Group LLC now owns 258,788 shares of the company’s stock valued at $9,777,000 after acquiring an additional 15,298 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Up 0.9%

Shares of Fidelity Enhanced Small Cap ETF stock opened at $47.04 on Thursday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 16.78 and a beta of 1.30. The company has a 50 day moving average price of $47.61 and a 200 day moving average price of $43.95. Fidelity Enhanced Small Cap ETF has a 52 week low of $34.83 and a 52 week high of $48.93.

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.