Fidelity Enhanced Small Cap ETF $FESM Shares Bought by Founders Financial Alliance LLC

Founders Financial Alliance LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 35.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 102,106 shares of the company’s stock after purchasing an additional 26,903 shares during the quarter. Founders Financial Alliance LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $3,858,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. LPL Financial LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 66.6% in the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after purchasing an additional 1,713,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Enhanced Small Cap ETF by 30.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock valued at $122,066,000 after purchasing an additional 749,061 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fidelity Enhanced Small Cap ETF by 39,683.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,845,939 shares of the company’s stock valued at $69,740,000 after purchasing an additional 1,841,299 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $67,286,000. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $66,765,000.

Fidelity Enhanced Small Cap ETF Price Performance

FESM stock opened at $45.87 on Friday. The company’s 50 day simple moving average is $43.13 and its 200-day simple moving average is $40.45. The firm has a market capitalization of $5.16 billion, a PE ratio of 16.78 and a beta of 1.35. Fidelity Enhanced Small Cap ETF has a 12 month low of $30.37 and a 12 month high of $45.94.

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.