Worth Asset Management LLC Lowers Stake in Fidelity Enhanced Small Cap ETF $FESM

Worth Asset Management LLC reduced its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 43.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,190 shares of the company’s stock after selling 11,779 shares during the quarter. Worth Asset Management LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $66,000. Harbor Asset Planning Inc. increased its stake in Fidelity Enhanced Small Cap ETF by 18.1% in the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after buying an additional 299 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $83,000. IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $85,000. Finally, Advisory Services Network LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at about $155,000.

Fidelity Enhanced Small Cap ETF Stock Up 1.0%

NYSEARCA FESM opened at $48.32 on Friday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. The business has a 50-day moving average price of $46.89 and a 200-day moving average price of $42.95. Fidelity Enhanced Small Cap ETF has a twelve month low of $33.07 and a twelve month high of $48.70.

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.