Cetera Investment Advisers Increases Stock Position in Fidelity Enhanced Small Cap ETF $FESM

Cetera Investment Advisers lifted its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 46.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,962,108 shares of the company’s stock after purchasing an additional 625,917 shares during the period. Cetera Investment Advisers’ holdings in Fidelity Enhanced Small Cap ETF were worth $74,560,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new position in Fidelity Enhanced Small Cap ETF in the first quarter valued at $105,807,000. JPMorgan Chase & Co. increased its stake in Fidelity Enhanced Small Cap ETF by 39,683.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,845,939 shares of the company’s stock worth $69,740,000 after acquiring an additional 1,841,299 shares during the last quarter. Tableaux LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth about $68,706,000. Dynasty Wealth Management LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth about $67,286,000. Finally, Quotient Wealth Partners LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at about $66,765,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA:FESM opened at $46.78 on Friday. Fidelity Enhanced Small Cap ETF has a 1 year low of $31.72 and a 1 year high of $48.62. The stock has a market capitalization of $5.94 billion, a P/E ratio of 16.78 and a beta of 1.29. The stock has a 50-day simple moving average of $46.28 and a 200-day simple moving average of $42.37.

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.