Convergence Financial LLC Purchases 13,857 Shares of Fidelity Enhanced Small Cap ETF $FESM

Convergence Financial LLC boosted its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 40.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,505 shares of the company’s stock after purchasing an additional 13,857 shares during the quarter. Convergence Financial LLC owned about 0.06% of Fidelity Enhanced Small Cap ETF worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FESM. Cornerstone Planning Group LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 69.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock worth $28,000 after buying an additional 308 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Fidelity Enhanced Small Cap ETF in the second quarter valued at approximately $55,000. Harbor Asset Planning Inc. bought a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at approximately $61,000. JPMorgan Chase & Co. grew its holdings in Fidelity Enhanced Small Cap ETF by 9,180.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,640 shares of the company’s stock worth $170,000 after acquiring an additional 4,590 shares during the period. Finally, Bank of America Corp DE grew its holdings in Fidelity Enhanced Small Cap ETF by 897.4% during the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock worth $198,000 after acquiring an additional 5,564 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of Fidelity Enhanced Small Cap ETF stock opened at $40.35 on Friday. The firm has a fifty day moving average of $39.49 and a two-hundred day moving average of $37.41. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 52 week low of $25.19 and a 52 week high of $41.28.

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.