Wealth Enhancement Advisory Services LLC Takes Position in Fidelity Enhanced Small Cap ETF $FESM

Wealth Enhancement Advisory Services LLC purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,612 shares of the company’s stock, valued at approximately $613,000.

A number of other hedge funds have also made changes to their positions in FESM. Madison Wealth Partners Inc increased its holdings in Fidelity Enhanced Small Cap ETF by 7.1% during the 1st quarter. Madison Wealth Partners Inc now owns 12,285 shares of the company’s stock valued at $362,000 after acquiring an additional 812 shares in the last quarter. Financial Perspectives Inc increased its stake in shares of Fidelity Enhanced Small Cap ETF by 12.3% during the 1st quarter. Financial Perspectives Inc now owns 13,315 shares of the company’s stock worth $393,000 after purchasing an additional 1,461 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Fidelity Enhanced Small Cap ETF by 121.8% during the 1st quarter. Private Trust Co. NA now owns 4,868 shares of the company’s stock worth $144,000 after purchasing an additional 2,673 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 9.7% during the 1st quarter. Kestra Advisory Services LLC now owns 38,537 shares of the company’s stock worth $1,136,000 after purchasing an additional 3,398 shares in the last quarter. Finally, PFG Advisors increased its position in Fidelity Enhanced Small Cap ETF by 63.2% during the first quarter. PFG Advisors now owns 16,896 shares of the company’s stock worth $498,000 after buying an additional 6,541 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Fidelity Enhanced Small Cap ETF stock opened at $36.93 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.78 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $25.19 and a fifty-two week high of $37.33. The stock has a fifty day moving average of $35.09 and a two-hundred day moving average of $31.97.

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.