LongView Wealth Management Purchases New Position in Fidelity Enhanced Small Cap ETF $FESM

LongView Wealth Management purchased a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,819 shares of the company’s stock, valued at approximately $629,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of Fidelity Enhanced Small Cap ETF by 69.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Fidelity Enhanced Small Cap ETF in the third quarter worth $61,000. Advisory Services Network LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the third quarter worth $155,000. JPMorgan Chase & Co. raised its stake in Fidelity Enhanced Small Cap ETF by 9,180.0% during the third quarter. JPMorgan Chase & Co. now owns 4,640 shares of the company’s stock valued at $170,000 after purchasing an additional 4,590 shares in the last quarter. Finally, ARK & TLK Investments LLC bought a new position in Fidelity Enhanced Small Cap ETF during the third quarter valued at $205,000.

Fidelity Enhanced Small Cap ETF Stock Down 1.6%

Shares of NYSEARCA:FESM opened at $37.99 on Friday. The firm has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $38.11. Fidelity Enhanced Small Cap ETF has a 52 week low of $25.19 and a 52 week high of $41.28. The stock has a market capitalization of $3.64 billion, a P/E ratio of 16.78 and a beta of 1.48.

Fidelity Enhanced Small Cap ETF 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.