Envestnet Asset Management Inc. Boosts Stock Position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 92.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,777 shares of the company’s stock after buying an additional 194,951 shares during the quarter. Envestnet Asset Management Inc. owned 0.72% of Fidelity Enhanced Small Cap ETF worth $11,933,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $103,000. Private Trust Co. NA grew its position in shares of Fidelity Enhanced Small Cap ETF by 121.8% in the 1st quarter. Private Trust Co. NA now owns 4,868 shares of the company’s stock valued at $144,000 after buying an additional 2,673 shares during the last quarter. Canvas Wealth Advisors LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at $246,000. Fortress Financial Group LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at $305,000. Finally, Madison Wealth Partners Inc grew its position in shares of Fidelity Enhanced Small Cap ETF by 7.1% in the 1st quarter. Madison Wealth Partners Inc now owns 12,285 shares of the company’s stock valued at $362,000 after buying an additional 812 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of Fidelity Enhanced Small Cap ETF stock opened at $32.76 on Friday. Fidelity Enhanced Small Cap ETF has a 1 year low of $25.19 and a 1 year high of $36.13. The company has a market capitalization of $1.99 billion, a P/E ratio of 16.78 and a beta of 1.22. The company’s fifty day moving average is $31.41 and its two-hundred day moving average is $31.00.

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.