Convergence Financial LLC Grows Stake in Fidelity Enhanced Small Cap ETF $FESM

Convergence Financial LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 42.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,648 shares of the company’s stock after buying an additional 10,315 shares during the period. Convergence Financial LLC owned 0.06% of Fidelity Enhanced Small Cap ETF worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in Fidelity Enhanced Small Cap ETF by 19.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,991,298 shares of the company’s stock valued at $58,703,000 after purchasing an additional 323,849 shares during the period. LPL Financial LLC raised its stake in Fidelity Enhanced Small Cap ETF by 101.5% in the first quarter. LPL Financial LLC now owns 1,018,403 shares of the company’s stock worth $30,023,000 after buying an additional 513,009 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Enhanced Small Cap ETF by 37.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,005,788 shares of the company’s stock valued at $29,651,000 after acquiring an additional 272,665 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter worth approximately $13,531,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Fidelity Enhanced Small Cap ETF by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 419,351 shares of the company’s stock worth $13,415,000 after acquiring an additional 14,574 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Down 1.9%

NYSEARCA FESM opened at $36.46 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 16.78 and a beta of 1.48. The stock’s 50 day moving average is $36.50 and its 200 day moving average is $33.34. Fidelity Enhanced Small Cap ETF has a twelve month low of $25.19 and a twelve month high of $38.15.

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.