Fidelity Enhanced Small Cap ETF $FESM Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 771,548 shares of the company’s stock after purchasing an additional 43,768 shares during the period. Fidelity Enhanced Small Cap ETF makes up about 1.2% of Focus Financial Network Inc.’s portfolio, making the stock its 16th largest holding. Focus Financial Network Inc. owned 0.64% of Fidelity Enhanced Small Cap ETF worth $37,258,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FESM. Johnson Financial Group Inc. acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth $66,000. Harbor Asset Planning Inc. raised its stake in 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 period. PNC Financial Services Group Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter worth about $83,000. IFP Advisors Inc acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter worth about $85,000. Finally, Advisory Services Network LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at about $155,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM opened at $48.32 on Monday. The business’s 50-day moving average is $46.89 and its 200-day moving average is $42.97. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $33.07 and a fifty-two week high of $48.70.

Fidelity Enhanced Small Cap ETF 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.