Gallagher Fiduciary Advisors LLC Invests $5.65 Million in Fidelity Enhanced Small Cap ETF $FESM

Gallagher Fiduciary Advisors LLC purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 176,577 shares of the company’s stock, valued at approximately $5,649,000. Gallagher Fiduciary Advisors LLC owned about 0.29% of Fidelity Enhanced Small Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FESM. Raymond James Financial Inc. grew its holdings in Fidelity Enhanced Small Cap ETF by 244.6% in the 1st quarter. Raymond James Financial Inc. now owns 103,739 shares of the company’s stock valued at $3,058,000 after buying an additional 73,638 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter valued at about $13,531,000. Kestra Advisory Services LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 9.7% in the first quarter. Kestra Advisory Services LLC now owns 38,537 shares of the company’s stock valued at $1,136,000 after purchasing an additional 3,398 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Enhanced Small Cap ETF by 37.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,005,788 shares of the company’s stock worth $29,651,000 after purchasing an additional 272,665 shares during the last quarter. Finally, WCG Wealth Advisors LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the first quarter worth about $341,000.

Fidelity Enhanced Small Cap ETF Price Performance

NYSEARCA:FESM opened at $38.73 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. The company’s 50-day moving average is $37.10 and its two-hundred day moving average is $34.79. Fidelity Enhanced Small Cap ETF has a 1-year low of $25.19 and a 1-year high of $39.36.

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.