PFG Advisors Takes Position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

PFG Advisors acquired a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,355 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 208.7% during the 4th quarter. Principal Securities Inc. now owns 1,627 shares of the company’s stock valued at $53,000 after purchasing an additional 1,100 shares during the last quarter. Private Trust Co. NA purchased a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $71,000. AdvisorNet Financial Inc raised its stake in Fidelity Enhanced Small Cap ETF by 471.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,213 shares of the company’s stock worth $72,000 after acquiring an additional 1,826 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $201,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $210,000.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA FESM opened at $29.95 on Friday. The stock has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $32.79. The firm has a market capitalization of $2.11 billion, a P/E ratio of 17.03 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $27.33 and a fifty-two week high of $36.13.

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.