Nations Financial Group Inc. IA ADV Has $1.26 Million Stake in Fidelity Enhanced Small Cap ETF $FESM

Nations Financial Group Inc. IA ADV raised its stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 51.3% in the first quarter, Holdings Channel reports. The fund owned 33,251 shares of the company’s stock after purchasing an additional 11,275 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Enhanced Small Cap ETF were worth $1,264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FESM. Royal Bank of Canada increased its position in Fidelity Enhanced Small Cap ETF by 4.2% during the 1st quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock worth $6,109,000 after purchasing an additional 8,269 shares in the last quarter. Raymond James Financial Inc. boosted its position in Fidelity Enhanced Small Cap ETF by 146.9% in the second quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock valued at $8,194,000 after buying an additional 152,392 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth $1,873,000. CLG LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth $681,000. Finally, Bank of America Corp DE increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 897.4% during the second quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock worth $198,000 after buying an additional 5,564 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA:FESM opened at $47.21 on Tuesday. Fidelity Enhanced Small Cap ETF has a 52-week low of $30.37 and a 52-week high of $47.42. The company has a market capitalization of $5.31 billion, a PE ratio of 16.78 and a beta of 1.35. The company has a fifty day moving average of $44.19 and a 200-day moving average of $40.90.

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.