Breakwater Capital Group Invests $1.01 Million in Fidelity Enhanced Small Cap ETF $FESM

Breakwater Capital Group bought a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,684 shares of the company’s stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FESM. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Enhanced Small Cap ETF by 44.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,481,901 shares of the company’s stock worth $90,738,000 after buying an additional 759,702 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter worth approximately $51,358,000. Calamos Wealth Management LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter worth approximately $33,876,000. TruWealth Advisors LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $34,145,000. Finally, Wellington Management Group LLP purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at approximately $15,570,000.

Fidelity Enhanced Small Cap ETF Stock Down 2.4%

FESM opened at $37.05 on Monday. Fidelity Enhanced Small Cap ETF has a 52 week low of $25.19 and a 52 week high of $41.28. The stock has a market cap of $3.55 billion, a PE ratio of 16.78 and a beta of 1.48. The business has a 50 day moving average of $39.65 and a 200-day moving average of $38.08.

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.