947,267 Shares in Fidelity Enhanced Small Cap ETF $FESM Purchased by Waverly Advisors LLC

Waverly Advisors LLC bought a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 947,267 shares of the company’s stock, valued at approximately $45,744,000.

Several other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 4.2% during the first quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock worth $6,109,000 after buying an additional 8,269 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 146.9% during the second quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock valued at $8,194,000 after buying an additional 152,392 shares during the period. Jane Street Group LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the second quarter valued at approximately $1,873,000. CLG LLC purchased a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter worth approximately $681,000. Finally, Bank of America Corp DE grew its stake in Fidelity Enhanced Small Cap ETF by 897.4% in the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock worth $198,000 after acquiring an additional 5,564 shares during the period.

Fidelity Enhanced Small Cap ETF Trading Down 0.6%

Shares of Fidelity Enhanced Small Cap ETF stock traded down $0.27 during trading hours on Tuesday, reaching $47.09. 653,544 shares of the company’s stock were exchanged, compared to its average volume of 745,840. Fidelity Enhanced Small Cap ETF has a 52-week low of $34.83 and a 52-week high of $48.93. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 16.78 and a beta of 1.30. The company has a fifty day moving average of $47.59 and a 200-day moving average of $44.11.

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.