Fidelity Enhanced Small Cap ETF $FESM Shares Bought by Valmark Advisers Inc.

Valmark Advisers Inc. raised its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 91.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 56,923 shares of the company’s stock after buying an additional 27,131 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity Enhanced Small Cap ETF were worth $2,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Johnson Financial Group Inc. purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $66,000. Harbor Asset Planning Inc. raised its position in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after acquiring an additional 299 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $83,000. IFP Advisors Inc purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $85,000. Finally, Piscataqua Savings Bank acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $94,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Fidelity Enhanced Small Cap ETF stock opened at $47.53 on Monday. Fidelity Enhanced Small Cap ETF has a 12 month low of $31.72 and a 12 month high of $48.62. The stock’s 50 day simple moving average is $45.76 and its two-hundred day simple moving average is $41.81. The firm has a market cap of $5.88 billion, a PE ratio of 16.78 and a beta of 1.29.

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.