Sagespring Wealth Partners LLC Takes $9.53 Million Position in Fidelity Enhanced Small Cap ETF $FESM

Sagespring Wealth Partners LLC acquired a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 297,790 shares of the company’s stock, valued at approximately $9,526,000.

Other large investors have also recently added to or reduced their stakes in the company. Worth Asset Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at approximately $256,000. KWB Wealth acquired a new position in Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at approximately $210,000. Investment Advisory Services Inc. TX ADV acquired a new position in Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at approximately $941,000. Salus Financial Advisors LLC increased its stake in Fidelity Enhanced Small Cap ETF by 17.4% in the 1st quarter. Salus Financial Advisors LLC now owns 175,210 shares of the company’s stock valued at $5,165,000 after buying an additional 25,905 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Small Cap ETF by 92.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 404,777 shares of the company’s stock valued at $11,933,000 after buying an additional 194,951 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Fidelity Enhanced Small Cap ETF stock opened at $36.35 on Tuesday. The firm has a market cap of $2.58 billion, a PE ratio of 16.78 and a beta of 1.22. The firm’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $32.24. Fidelity Enhanced Small Cap ETF has a twelve month low of $25.19 and a twelve month high of $37.34.

Fidelity Enhanced Small Cap ETF 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.