Fidelity Enhanced Small Cap ETF $FESM Shares Purchased by KFG Wealth Management LLC

KFG Wealth Management LLC grew its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 451,959 shares of the company’s stock after acquiring an additional 22,343 shares during the quarter. Fidelity Enhanced Small Cap ETF accounts for about 2.5% of KFG Wealth Management LLC’s holdings, making the stock its 8th largest position. KFG Wealth Management LLC owned 0.35% of Fidelity Enhanced Small Cap ETF worth $21,825,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FESM. World Investment Advisors bought a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter worth $532,000. LPL Financial LLC increased its holdings in Fidelity Enhanced Small Cap ETF by 66.6% in the 4th quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after buying an additional 1,713,064 shares during the period. TritonPoint Partners LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $1,331,000. Landing Point Financial Group LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF by 6.3% in the 4th quarter. Landing Point Financial Group LLC now owns 258,788 shares of the company’s stock valued at $9,777,000 after buying an additional 15,298 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at $512,000.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA:FESM opened at $47.04 on Thursday. The company has a 50-day moving average of $47.61 and a 200-day moving average of $43.95. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 16.78 and a beta of 1.30. Fidelity Enhanced Small Cap ETF has a 52 week low of $34.83 and a 52 week high of $48.93.

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.