Savvy Advisors Inc. Makes New $1.36 Million Investment in Fidelity Enhanced Small Cap ETF $FESM

Savvy Advisors Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, Holdings Channel.com reports. The fund purchased 35,994 shares of the company’s stock, valued at approximately $1,360,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BridgePort Financial Solutions LLC increased its stake in Fidelity Enhanced Small Cap ETF by 58.4% during the fourth quarter. BridgePort Financial Solutions LLC now owns 12,702 shares of the company’s stock worth $480,000 after acquiring an additional 4,681 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $94,000. CRA Financial Services LLC acquired a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $215,000. CLG LLC increased its stake in Fidelity Enhanced Small Cap ETF by 18.2% during the fourth quarter. CLG LLC now owns 32,213 shares of the company’s stock worth $1,217,000 after acquiring an additional 4,959 shares during the last quarter. Finally, Spire Wealth Management increased its stake in Fidelity Enhanced Small Cap ETF by 61.2% during the fourth quarter. Spire Wealth Management now owns 19,362 shares of the company’s stock worth $731,000 after acquiring an additional 7,351 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA:FESM opened at $38.70 on Tuesday. The firm has a market capitalization of $4.22 billion, a PE ratio of 16.78 and a beta of 1.48. The business has a 50-day moving average of $39.17 and a two-hundred day moving average of $38.23. Fidelity Enhanced Small Cap ETF has a 12 month low of $25.19 and a 12 month high of $41.28.

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.