Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Sets New 52-Week High – Here’s Why

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) reached a new 52-week high during trading on Thursday . The company traded as high as $45.94 and last traded at $45.87, with a volume of 1172910 shares trading hands. The stock had previously closed at $44.54.

Fidelity Enhanced Small Cap ETF Stock Up 3.0%

The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The stock’s 50 day moving average is $42.97 and its 200 day moving average is $40.38.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 6.5% during the 1st quarter. NewEdge Advisors LLC now owns 105,938 shares of the company’s stock worth $4,026,000 after acquiring an additional 6,440 shares in the last quarter. Verus Capital Partners LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 19.4% during the 1st quarter. Verus Capital Partners LLC now owns 7,918 shares of the company’s stock valued at $301,000 after buying an additional 1,286 shares during the period. Bank of America Corp DE boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 284.6% during the 1st quarter. Bank of America Corp DE now owns 871,856 shares of the company’s stock valued at $33,131,000 after buying an additional 645,168 shares during the period. Royal Bank of Canada boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 30.7% during the 1st quarter. Royal Bank of Canada now owns 1,220,056 shares of the company’s stock valued at $46,363,000 after buying an additional 286,625 shares during the period. Finally, Stadion Money Management LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter valued at $15,678,000.

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.