Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 1-Year High – Here’s Why

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $40.77 and last traded at $40.5850, with a volume of 618134 shares changing hands. The stock had previously closed at $39.88.

Fidelity Enhanced Small Cap ETF Price Performance

The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. The company’s 50-day simple moving average is $38.23 and its 200-day simple moving average is $36.31.

Institutional Trading of Fidelity Enhanced Small Cap ETF

Several institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC grew its holdings in Fidelity Enhanced Small Cap ETF by 2.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 367,737 shares of the company’s stock valued at $13,893,000 after buying an additional 9,582 shares in the last quarter. Petra Financial Advisors Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 28.6% during the fourth quarter. Petra Financial Advisors Inc. now owns 30,411 shares of the company’s stock worth $1,149,000 after buying an additional 6,759 shares in the last quarter. Balance Wealth LLC boosted its position in shares of Fidelity Enhanced Small Cap ETF by 1.8% in the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after acquiring an additional 498 shares during the period. Mayfair Advisory Group LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 37.8% in the fourth quarter. Mayfair Advisory Group LLC now owns 207,504 shares of the company’s stock valued at $7,898,000 after acquiring an additional 56,941 shares in the last quarter. Finally, Register Financial Advisors LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 34.8% in the fourth quarter. Register Financial Advisors LLC now owns 9,100 shares of the company’s stock valued at $344,000 after acquiring an additional 2,350 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Company 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.