KFG Wealth Management LLC Acquires Shares of 429,616 Fidelity Enhanced Small Cap ETF $FESM

KFG Wealth Management LLC bought a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 429,616 shares of the company’s stock, valued at approximately $16,325,000. Fidelity Enhanced Small Cap ETF accounts for about 2.1% of KFG Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. KFG Wealth Management LLC owned about 0.39% of Fidelity Enhanced Small Cap ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FESM. Harbor Asset Planning Inc. grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the last quarter. KWB Wealth lifted its holdings in Fidelity Enhanced Small Cap ETF by 3.9% during the 4th quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after buying an additional 371 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Fidelity Enhanced Small Cap ETF by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after buying an additional 476 shares in the last quarter. Balance Wealth LLC boosted its position in Fidelity Enhanced Small Cap ETF by 1.8% in the 4th quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after buying an additional 498 shares during the period. Finally, Madison Wealth Partners Inc grew its stake in Fidelity Enhanced Small Cap ETF by 3.8% in the 4th quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock worth $510,000 after acquiring an additional 498 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock opened at $47.17 on Thursday. The company has a market capitalization of $5.31 billion, a P/E ratio of 16.78 and a beta of 1.35. The company’s 50-day simple moving average is $44.46 and its two-hundred day simple moving average is $41.02. Fidelity Enhanced Small Cap ETF has a one year low of $31.32 and a one year high of $47.71.

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.