Petra Financial Advisors Inc. Takes Position in Fidelity Enhanced Small Cap ETF $FESM

Petra Financial Advisors Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,652 shares of the company’s stock, valued at approximately $865,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vantagepoint Investment Advisers LLC acquired a new stake in Fidelity Enhanced Small Cap ETF during the third quarter worth approximately $51,358,000. Calamos Wealth Management LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the 3rd quarter worth approximately $33,876,000. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Enhanced Small Cap ETF by 71.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,722,199 shares of the company’s stock valued at $55,093,000 after acquiring an additional 716,411 shares in the last quarter. Summit Investment Advisory Services LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at about $11,446,000. Finally, Atria Investments Inc bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter worth approximately $5,758,000.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA FESM opened at $40.08 on Monday. Fidelity Enhanced Small Cap ETF has a 52-week low of $25.19 and a 52-week high of $41.28. The company has a 50-day simple moving average of $39.33 and a 200 day simple moving average of $37.21. The company has a market capitalization of $3.84 billion, a PE ratio of 16.78 and a beta of 1.48.

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.