Royal Bank of Canada Purchases 286,625 Shares of Fidelity Enhanced Small Cap ETF $FESM

Royal Bank of Canada grew its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 30.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,220,056 shares of the company’s stock after buying an additional 286,625 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity Enhanced Small Cap ETF were worth $46,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after purchasing an additional 1,713,064 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Enhanced Small Cap ETF by 30.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock valued at $122,066,000 after buying an additional 749,061 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the first quarter worth $105,807,000. Commonwealth Equity Services LLC increased its stake in Fidelity Enhanced Small Cap ETF by 39.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,225,336 shares of the company’s stock worth $84,073,000 after buying an additional 624,608 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Fidelity Enhanced Small Cap ETF by 46.8% during the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after purchasing an additional 625,917 shares during the period.

Fidelity Enhanced Small Cap ETF Price Performance

FESM stock opened at $46.63 on Monday. Fidelity Enhanced Small Cap ETF has a 1-year low of $31.72 and a 1-year high of $48.62. The business has a 50 day simple moving average of $46.64 and a two-hundred day simple moving average of $42.69. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 16.78 and a beta of 1.29.

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.