Parkside Investments LLC Has $8.67 Million Holdings in Fidelity Enhanced Small Cap ETF $FESM

Parkside Investments LLC grew its stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 95.2% in the third quarter, HoldingsChannel reports. The fund owned 237,150 shares of the company’s stock after acquiring an additional 115,675 shares during the period. Fidelity Enhanced Small Cap ETF accounts for 1.1% of Parkside Investments LLC’s holdings, making the stock its 28th largest position. Parkside Investments LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $8,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Cornerstone Planning Group LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 69.7% in the third quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock valued at $28,000 after purchasing an additional 308 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at $61,000. JPMorgan Chase & Co. raised its position in shares of 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 worth $170,000 after acquiring an additional 4,590 shares during the last quarter. ARK & TLK Investments LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the third quarter worth $205,000. Finally, Merit Financial Group LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter valued at $206,000.

Fidelity Enhanced Small Cap ETF Stock Up 0.9%

Shares of FESM stock opened at $40.03 on Wednesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 12 month low of $25.19 and a 12 month high of $41.28. The stock has a 50-day moving average price of $39.55 and a 200 day moving average price of $37.56.

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.