Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) shares saw unusually-strong trading volume on Wednesday . 2,477,305 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 732,995 shares.The stock last traded at $48.26 and had previously closed at $48.11.
Fidelity Enhanced Small Cap ETF Stock Performance
The business’s 50-day moving average price is $47.46 and its 200 day moving average price is $43.48. The company has a market cap of $6.16 billion, a P/E ratio of 16.78 and a beta of 1.31.
Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of FESM. Beacon Financial Advisory LLC raised its stake in Fidelity Enhanced Small Cap ETF by 50.2% in the second quarter. Beacon Financial Advisory LLC now owns 40,989 shares of the company’s stock valued at $1,979,000 after buying an additional 13,701 shares during the period. Envision Financial LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter worth approximately $4,545,000. Focus Financial Network Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 6.0% during the 2nd quarter. Focus Financial Network Inc. now owns 771,548 shares of the company’s stock worth $37,258,000 after acquiring an additional 43,768 shares during the last quarter. Breakwater Capital Group increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 104.0% during the 2nd quarter. Breakwater Capital Group now owns 117,082 shares of the company’s stock worth $5,654,000 after acquiring an additional 59,675 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its stake in Fidelity Enhanced Small Cap ETF by 42.6% in the 2nd 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.
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.
Further Reading
- Five stocks we like better than Fidelity Enhanced Small Cap ETF
- Marvell Constructs an AI Moat With Alphabet Warrants
- Microsoft’s Sell-Off May Be a Gift, Not a Warning
- SK hynix Triggers $28B Defense Against Tech Selloff
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
Receive News & Ratings for Fidelity Enhanced Small Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Enhanced Small Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
