Envision Financial LLC Acquires Shares of 94,116 Fidelity Enhanced Small Cap ETF $FESM

Envision Financial LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,116 shares of the company’s stock, valued at approximately $4,545,000. Fidelity Enhanced Small Cap ETF accounts for about 2.1% of Envision Financial LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds also recently made changes to their positions in FESM. Royal Bank of Canada raised its holdings in Fidelity Enhanced Small Cap ETF by 4.2% during the 1st quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock valued at $6,109,000 after buying an additional 8,269 shares during the last quarter. Raymond James Financial Inc. boosted its position in Fidelity Enhanced Small Cap ETF by 146.9% during the 2nd quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock valued at $8,194,000 after buying an additional 152,392 shares during the period. Jane Street Group LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter worth $1,873,000. CLG LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter worth $681,000. Finally, Bank of America Corp DE increased its position in shares of Fidelity Enhanced Small Cap ETF by 897.4% in the second quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock valued at $198,000 after acquiring an additional 5,564 shares during the period.

Fidelity Enhanced Small Cap ETF Trading Up 0.1%

FESM stock opened at $48.17 on Wednesday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. The firm’s 50-day moving average price is $46.99 and its two-hundred day moving average price is $43.08. Fidelity Enhanced Small Cap ETF has a 12-month low of $33.30 and a 12-month 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.