Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 12-Month High – Still a Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $40.00 and last traded at $39.76, with a volume of 692179 shares. The stock had previously closed at $39.78.

Fidelity Enhanced Small Cap ETF Price Performance

The business’s 50-day moving average is $37.84 and its two-hundred day moving average is $36.02. The firm has a market cap of $3.54 billion, a P/E ratio of 16.78 and a beta of 1.48.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Calamos Wealth Management LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at about $33,876,000. KWB Wealth bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 2nd quarter valued at about $210,000. Madison Wealth Partners Inc lifted its stake in Fidelity Enhanced Small Cap ETF by 22.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 15,090 shares of the company’s stock valued at $483,000 after purchasing an additional 2,805 shares during the last quarter. Calamos Advisors LLC acquired a new stake in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at about $1,462,000. Finally, Mayfair Advisory Group LLC grew its holdings in Fidelity Enhanced Small Cap ETF by 177.8% during the third quarter. Mayfair Advisory Group LLC now owns 150,563 shares of the company’s stock worth $5,505,000 after purchasing an additional 96,373 shares during the period.

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.