PFG Advisors Purchases 5,662 Shares of Fidelity Enhanced Small Cap ETF $FESM

PFG Advisors grew its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 33.5% in the second quarter, HoldingsChannel.com reports. The fund owned 22,558 shares of the company’s stock after buying an additional 5,662 shares during the quarter. PFG Advisors’ holdings in Fidelity Enhanced Small Cap ETF were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FESM. Commonwealth Equity Services LLC increased its holdings in Fidelity Enhanced Small Cap ETF by 19.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,991,298 shares of the company’s stock valued at $58,703,000 after purchasing an additional 323,849 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 101.5% during the first quarter. LPL Financial LLC now owns 1,018,403 shares of the company’s stock worth $30,023,000 after purchasing an additional 513,009 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 37.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,005,788 shares of the company’s stock worth $29,651,000 after purchasing an additional 272,665 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the first quarter valued at $13,531,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 419,351 shares of the company’s stock valued at $13,415,000 after buying an additional 14,574 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Up 1.4%

Shares of NYSEARCA FESM opened at $37.23 on Tuesday. Fidelity Enhanced Small Cap ETF has a 12-month low of $25.19 and a 12-month high of $38.15. The firm’s 50-day simple moving average is $36.60 and its 200 day simple moving average is $33.60. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48.

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.