Petra Financial Advisors Inc. Acquires 13,640 Shares of Fidelity Enhanced Small Cap ETF $FESM

Petra Financial Advisors Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 44.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 44,051 shares of the company’s stock after purchasing an additional 13,640 shares during the quarter. Fidelity Enhanced Small Cap ETF comprises approximately 1.0% of Petra Financial Advisors Inc.’s holdings, making the stock its 22nd biggest position. Petra Financial Advisors Inc.’s holdings in Fidelity Enhanced Small Cap ETF were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $66,000. Harbor Asset Planning Inc. boosted its position in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $83,000. IFP Advisors Inc acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $85,000. Finally, Piscataqua Savings Bank bought a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $94,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM opened at $47.64 on Wednesday. The company’s 50-day moving average is $46.18 and its 200-day moving average is $42.25. The firm has a market capitalization of $6.05 billion, a PE ratio of 16.78 and a beta of 1.29. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $31.72 and a fifty-two week high of $48.62.

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.