TruWealth Advisors LLC Buys Shares of 903,775 Fidelity Enhanced Small Cap ETF $FESM

TruWealth Advisors LLC bought a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 903,775 shares of the company’s stock, valued at approximately $34,145,000. Fidelity Enhanced Small Cap ETF accounts for 1.7% of TruWealth Advisors LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in FESM. Cornerstone Planning Group LLC grew its holdings in Fidelity Enhanced Small Cap ETF by 69.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock worth $28,000 after acquiring an additional 308 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 3.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,618 shares of the company’s stock valued at $532,000 after purchasing an additional 485 shares in the last quarter. GWN Securities Inc. lifted its position in shares of Fidelity Enhanced Small Cap ETF by 3.4% in the 3rd quarter. GWN Securities Inc. now owns 15,593 shares of the company’s stock worth $570,000 after purchasing an additional 514 shares during the period. BridgePort Financial Solutions LLC lifted its holdings in Fidelity Enhanced Small Cap ETF by 7.0% during the third quarter. BridgePort Financial Solutions LLC now owns 8,021 shares of the company’s stock worth $293,000 after buying an additional 526 shares during the period. Finally, Spire Wealth Management boosted its position in Fidelity Enhanced Small Cap ETF by 5.2% during the 3rd quarter. Spire Wealth Management now owns 12,011 shares of the company’s stock valued at $439,000 after acquiring an additional 596 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Trading Down 2.4%

Shares of NYSEARCA:FESM opened at $37.05 on Friday. The company has a market capitalization of $3.55 billion, a PE ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 12-month low of $25.19 and a 12-month high of $41.28. The business’s fifty day simple moving average is $39.65 and its 200-day simple moving average is $38.04.

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.