Valmark Advisers Inc. Makes New $3.24 Million Investment in Fidelity Enhanced Small Cap ETF $FESM

Valmark Advisers Inc. purchased a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 72,164 shares of the company’s stock, valued at approximately $3,244,000.

A number of other large investors also recently added to or reduced their stakes in FESM. Commonwealth Equity Services LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the third quarter valued at $127,267,000. Calamos Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the third quarter worth about $49,341,000. Waverly Advisors LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter worth about $45,744,000. Bank of America Corp DE raised its position in shares of Fidelity Enhanced Small Cap ETF by 284.6% during the 1st quarter. Bank of America Corp DE now owns 871,856 shares of the company’s stock worth $33,131,000 after purchasing an additional 645,168 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Fidelity Enhanced Small Cap ETF by 46.8% in the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after buying an additional 625,917 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Fidelity Enhanced Small Cap ETF stock traded down $0.17 during midday trading on Friday, reaching $45.25. The company had a trading volume of 739,570 shares, compared to its average volume of 840,898. Fidelity Enhanced Small Cap ETF has a 12-month low of $34.83 and a 12-month high of $48.93. The company has a market capitalization of $6.78 billion, a P/E ratio of 18.06 and a beta of 1.31. The firm’s fifty day simple moving average is $45.52 and its 200-day simple moving average is $44.13.

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.