Uptick Partners LLC Raises Position in Fidelity Enhanced Small Cap ETF $FESM

Uptick Partners LLC grew its stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 191.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,319 shares of the company’s stock after purchasing an additional 14,008 shares during the period. Uptick Partners LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FESM. Harbor Asset Planning Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 18.1% during the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after purchasing an additional 299 shares during the last quarter. KWB Wealth lifted its position in Fidelity Enhanced Small Cap ETF by 3.9% in the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock worth $377,000 after buying an additional 371 shares during the last quarter. Valmark Advisers Inc. lifted its position in Fidelity Enhanced Small Cap ETF by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock worth $1,126,000 after buying an additional 476 shares during the last quarter. Balance Wealth LLC boosted its stake in Fidelity Enhanced Small Cap ETF by 1.8% during the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock worth $1,057,000 after buying an additional 498 shares during the period. Finally, Madison Wealth Partners Inc boosted its stake in Fidelity Enhanced Small Cap ETF by 3.8% during the fourth quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock worth $510,000 after buying an additional 498 shares during the period.

Fidelity Enhanced Small Cap ETF Price Performance

FESM stock opened at $47.53 on Monday. Fidelity Enhanced Small Cap ETF has a twelve month low of $31.72 and a twelve month high of $48.62. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 16.78 and a beta of 1.29. The firm’s fifty day simple moving average is $45.76 and its two-hundred day simple moving average is $41.81.

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.