MFA Wealth Services Makes New $722,000 Investment in Fidelity Enhanced Small Cap ETF $FESM

MFA Wealth Services purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 18,995 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds have also recently made changes to their positions in FESM. Johnson Financial Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $66,000. Harbor Asset Planning Inc. boosted its stake in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after buying an additional 299 shares during the period. PNC Financial Services Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $83,000. IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $85,000. Finally, Piscataqua Savings Bank purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $94,000.

Fidelity Enhanced Small Cap ETF Stock Up 0.1%

Fidelity Enhanced Small Cap ETF stock opened at $47.61 on Friday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The business has a 50-day simple moving average of $44.72 and a 200 day simple moving average of $41.14. Fidelity Enhanced Small Cap ETF has a 52 week low of $31.66 and a 52 week high of $48.04.

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.