Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $45.63 and traded as high as $45.96. Fidelity Enhanced Small Cap ETF shares last traded at $45.77, with a volume of 825,678 shares.
Fidelity Enhanced Small Cap ETF Stock Performance
The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 18.06 and a beta of 1.31. The business has a fifty day moving average of $45.63 and a two-hundred day moving average of $44.03.
Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at $397,000. Thoroughbred Financial Services LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at about $295,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter worth about $421,000. Hantz Financial Services Inc. acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter worth about $69,000. Finally, Harbour Investments Inc. lifted its position in Fidelity Enhanced Small Cap ETF by 0.7% during the third quarter. Harbour Investments Inc. now owns 49,234 shares of the company’s stock worth $2,213,000 after acquiring an additional 318 shares during 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.
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