LPL Financial LLC Buys 1,713,064 Shares of Fidelity Enhanced Small Cap ETF $FESM

LPL Financial LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 66.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,286,386 shares of the company’s stock after acquiring an additional 1,713,064 shares during the period. LPL Financial LLC owned about 4.48% of Fidelity Enhanced Small Cap ETF worth $161,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harbor Asset Planning Inc. raised its stake in shares of Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after acquiring an additional 299 shares in the last quarter. KWB Wealth raised its stake in shares of Fidelity Enhanced Small Cap ETF by 3.9% during the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after acquiring an additional 371 shares in the last quarter. Valmark Advisers Inc. raised its stake in shares of Fidelity Enhanced Small Cap ETF by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after acquiring an additional 476 shares in the last quarter. Balance Wealth LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF by 1.8% during the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after acquiring an additional 498 shares in the last quarter. Finally, Madison Wealth Partners Inc raised its stake in shares of Fidelity Enhanced Small Cap ETF by 3.8% during the fourth quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock valued at $510,000 after acquiring an additional 498 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Fidelity Enhanced Small Cap ETF stock opened at $44.54 on Thursday. The company has a 50 day moving average price of $42.97 and a 200-day moving average price of $40.38. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $30.37 and a fifty-two week high of $45.94. The company has a market capitalization of $5.01 billion, a PE ratio of 16.78 and a beta of 1.35.

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.