Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 12-Month High – Here’s What Happened

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $48.10 and last traded at $48.09, with a volume of 94300 shares. The stock had previously closed at $47.86.

Fidelity Enhanced Small Cap ETF Stock Performance

The company has a fifty day simple moving average of $44.85 and a 200 day simple moving average of $41.22. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock worth $161,940,000 after buying an additional 1,713,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Enhanced Small Cap ETF by 30.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock valued at $122,066,000 after purchasing an additional 749,061 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Fidelity Enhanced Small Cap ETF during the first quarter worth approximately $105,807,000. Commonwealth Equity Services LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 39.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,225,336 shares of the company’s stock valued at $84,073,000 after buying an additional 624,608 shares during the period. Finally, Cetera Investment Advisers increased its stake in Fidelity Enhanced Small Cap ETF by 46.8% in the first quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after purchasing an additional 625,917 shares in the last quarter.

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.