Commonwealth Equity Services LLC Trims Stock Holdings in Fidelity Enhanced Small Cap ETF $FESM

Commonwealth Equity Services LLC lessened its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,600,728 shares of the company’s stock after selling 149,097 shares during the quarter. Commonwealth Equity Services LLC owned approximately 2.10% of Fidelity Enhanced Small Cap ETF worth $58,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at $33,876,000. Calamos Advisors LLC acquired a new stake in Fidelity Enhanced Small Cap ETF in the 3rd quarter worth about $1,462,000. KWB Wealth purchased a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at about $210,000. Madison Wealth Partners Inc increased its stake in shares of Fidelity Enhanced Small Cap ETF by 22.8% during the 2nd quarter. Madison Wealth Partners Inc now owns 15,090 shares of the company’s stock valued at $483,000 after acquiring an additional 2,805 shares during the last quarter. Finally, Croban increased its stake in shares of Fidelity Enhanced Small Cap ETF by 61.9% during the 3rd quarter. Croban now owns 63,692 shares of the company’s stock valued at $2,328,000 after acquiring an additional 24,355 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock opened at $39.24 on Wednesday. The firm’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $35.74. Fidelity Enhanced Small Cap ETF has a 1-year low of $25.19 and a 1-year high of $39.36. The firm has a market cap of $3.48 billion, a P/E ratio of 16.78 and a beta of 1.48.

About Fidelity Enhanced Small Cap ETF

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.