Breakwater Capital Group Raises Stock Holdings in Fidelity Enhanced Small Cap ETF $FESM

Breakwater Capital Group raised its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 104.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 117,082 shares of the company’s stock after purchasing an additional 59,675 shares during the quarter. Breakwater Capital Group’s holdings in Fidelity Enhanced Small Cap ETF were worth $5,654,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Heartland Consultants Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 42.6% in the second quarter. First Heartland Consultants Inc. now owns 196,379 shares of the company’s stock valued at $9,843,000 after acquiring an additional 58,707 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter worth about $249,000. NewEdge Advisors LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 6.5% in the first quarter. NewEdge Advisors LLC now owns 105,938 shares of the company’s stock worth $4,026,000 after purchasing an additional 6,440 shares during the last quarter. Verus Capital Partners LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 19.4% in the first quarter. Verus Capital Partners LLC now owns 7,918 shares of the company’s stock worth $301,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Fidelity Enhanced Small Cap ETF by 284.6% during the 1st quarter. Bank of America Corp DE now owns 871,856 shares of the company’s stock valued at $33,131,000 after purchasing an additional 645,168 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

FESM opened at $48.32 on Friday. The stock has a market capitalization of $6.23 billion, a PE ratio of 16.78 and a beta of 1.31. The stock’s 50 day moving average price is $46.89 and its 200-day moving average price is $42.95. Fidelity Enhanced Small Cap ETF has a 52-week low of $33.07 and a 52-week high of $48.70.

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.