Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 52-Week High – Should You Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s share price hit a new 52-week high on Monday . The company traded as high as $42.61 and last traded at $42.55, with a volume of 188086 shares changing hands. The stock had previously closed at $42.31.

Fidelity Enhanced Small Cap ETF Stock Up 0.8%

The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 16.78 and a beta of 1.36. The stock has a fifty day moving average of $39.30 and a two-hundred day moving average of $38.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DecisionMap Wealth Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $1,398,000. American National Bank of Texas purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $6,226,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter worth about $672,000. Focus Financial Network Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $2,301,000. Finally, Calamos Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter worth about $33,876,000.

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.