PFG Advisors Makes New Investment in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

PFG Advisors purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,355 shares of the company’s stock, valued at approximately $335,000. PFG Advisors owned approximately 0.05% of Fidelity Enhanced Small Cap ETF at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC boosted its position in Fidelity Enhanced Small Cap ETF by 37.6% during the fourth quarter. HighTower Advisors LLC now owns 14,080 shares of the company’s stock worth $455,000 after purchasing an additional 3,847 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter worth approximately $974,000. Private Trust Co. NA purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $71,000. Dahring Cusmano LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $6,930,000. Finally, FMA Wealth Management LLC lifted its position in shares of Fidelity Enhanced Small Cap ETF by 0.7% in the fourth quarter. FMA Wealth Management LLC now owns 86,847 shares of the company’s stock valued at $2,809,000 after acquiring an additional 641 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

NYSEARCA FESM opened at $29.95 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 17.03 and a beta of 1.22. The stock’s 50 day simple moving average is $32.47 and its 200-day simple moving average is $32.79. Fidelity Enhanced Small Cap ETF has a 1-year low of $27.33 and a 1-year high of $36.13.

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.