Breakwater Capital Group Raises Stake in Fidelity Enhanced Small Cap ETF $FESM

Breakwater Capital Group boosted its stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 104.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,082 shares of the company’s stock after purchasing an additional 59,675 shares during the quarter. Breakwater Capital Group owned approximately 0.10% of Fidelity Enhanced Small Cap ETF worth $5,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $66,000. Harbor Asset Planning Inc. increased its holdings in Fidelity Enhanced Small Cap ETF by 18.1% during the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after acquiring an additional 299 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $83,000. IFP Advisors Inc purchased a new stake in Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $85,000. Finally, Advisory Services Network LLC bought a new position in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at $155,000.

Fidelity Enhanced Small Cap ETF Price Performance

FESM opened at $48.32 on Friday. The company has a fifty day moving average price of $46.89 and a 200-day moving average price of $42.95. The firm has a market capitalization of $6.23 billion, a P/E ratio of 16.78 and a beta of 1.31. Fidelity Enhanced Small Cap ETF has a one year low of $33.07 and a one year high of $48.70.

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.