Founders Financial Alliance LLC Makes New Investment in Fidelity Enhanced Small Cap ETF $FESM

Founders Financial Alliance LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 75,203 shares of the company’s stock, valued at approximately $2,749,000. Founders Financial Alliance LLC owned about 0.10% of Fidelity Enhanced Small Cap ETF at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FESM. Cornerstone Planning Group LLC lifted its position in Fidelity Enhanced Small Cap ETF by 69.7% in the third quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. OmniStar Financial Group Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 1.9% during the second quarter. OmniStar Financial Group Inc. now owns 17,224 shares of the company’s stock worth $551,000 after purchasing an additional 313 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 3.0% during the second quarter. Ameritas Investment Partners Inc. now owns 16,618 shares of the company’s stock worth $532,000 after purchasing an additional 485 shares in the last quarter. GWN Securities Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 3.4% in the 3rd quarter. GWN Securities Inc. now owns 15,593 shares of the company’s stock valued at $570,000 after purchasing an additional 514 shares during the last quarter. Finally, BridgePort Financial Solutions LLC boosted its position in shares of Fidelity Enhanced Small Cap ETF by 7.0% in the 3rd quarter. BridgePort Financial Solutions LLC now owns 8,021 shares of the company’s stock valued at $293,000 after purchasing an additional 526 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Up 1.3%

NYSEARCA:FESM opened at $40.08 on Tuesday. The company has a market capitalization of $3.84 billion, a PE 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. The stock’s 50 day moving average price is $39.37 and its 200 day moving average price is $37.26.

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.