Fidelity Enhanced Small Cap ETF $FESM Stock: Focus Financial Network Inc. Increases Stake

Focus Financial Network Inc. boosted its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 783,107 shares of the company’s stock after buying an additional 11,559 shares during the quarter. Fidelity Enhanced Small Cap ETF makes up 1.1% of Focus Financial Network Inc.’s holdings, making the stock its 16th biggest holding. Focus Financial Network Inc. owned approximately 0.54% of Fidelity Enhanced Small Cap ETF worth $35,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MFA Wealth Services lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 4.5% in the third quarter. MFA Wealth Services now owns 19,327 shares of the company’s stock worth $869,000 after acquiring an additional 832 shares during the last quarter. Riversedge Advisors LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 4.9% in the 3rd quarter. Riversedge Advisors LLC now owns 167,464 shares of the company’s stock valued at $7,527,000 after purchasing an additional 7,867 shares in the last quarter. Breakwater Capital Group boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 17.6% in the 3rd quarter. Breakwater Capital Group now owns 137,686 shares of the company’s stock valued at $6,189,000 after purchasing an additional 20,604 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at approximately $9,857,000. Finally, Farther Finance Advisors LLC increased its position in Fidelity Enhanced Small Cap ETF by 5.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 56,673 shares of the company’s stock worth $2,547,000 after purchasing an additional 2,877 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA:FESM opened at $45.15 on Wednesday. Fidelity Enhanced Small Cap ETF has a one year low of $34.83 and a one year high of $48.93. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 16.78 and a beta of 1.32. The firm has a 50 day simple moving average of $46.72 and a 200 day simple moving average of $45.33.

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.