Fidelity Enhanced Small Cap ETF $FESM Stock Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 16,430.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 115,716 shares of the company’s stock after buying an additional 115,016 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $5,201,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Summit Investment Advisory Services LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF by 1.7% in the third quarter. Summit Investment Advisory Services LLC now owns 315,102 shares of the company’s stock valued at $14,164,000 after acquiring an additional 5,201 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at $49,341,000. Kestra Advisory Services LLC boosted its holdings in Fidelity Enhanced Small Cap ETF by 32.2% in the third quarter. Kestra Advisory Services LLC now owns 1,044,470 shares of the company’s stock valued at $46,949,000 after purchasing an additional 254,181 shares during the period. Commonwealth Equity Services LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at $127,267,000. Finally, Kestra Private Wealth Services LLC grew its stake in Fidelity Enhanced Small Cap ETF by 28.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 79,275 shares of the company’s stock worth $3,563,000 after purchasing an additional 17,685 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

FESM opened at $44.33 on Friday. The business has a fifty day moving average price of $45.67 and a 200 day moving average price of $44.01. Fidelity Enhanced Small Cap ETF has a 12 month low of $34.83 and a 12 month high of $48.93. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 18.06 and a beta of 1.31.

Fidelity Enhanced Small Cap ETF 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.