Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Sees Strong Trading Volume – Here’s Why

Shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) saw unusually-high trading volume on Tuesday . 906,354 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 749,692 shares.The stock last traded at $45.9880 and had previously closed at $45.86.

Fidelity Enhanced Small Cap ETF Stock Up 0.1%

The stock has a market cap of $5.92 billion, a P/E ratio of 16.78 and a beta of 1.30. The stock has a fifty day simple moving average of $47.30 and a 200-day simple moving average of $44.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FESM. IFP Advisors Inc acquired a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at approximately $85,000. Johnson Financial Group Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 55.9% in the first quarter. Johnson Financial Group Inc. now owns 2,713 shares of the company’s stock valued at $103,000 after acquiring an additional 973 shares during the last quarter. Valued Retirements Inc. acquired a new position in Fidelity Enhanced Small Cap ETF during the second quarter valued at approximately $209,000. Dynamic Advisor Solutions LLC acquired a new position in Fidelity Enhanced Small Cap ETF during the second quarter valued at approximately $249,000. Finally, Sheets Smith Wealth Management bought a new position in Fidelity Enhanced Small Cap ETF in the first quarter valued at approximately $203,000.

About Fidelity Enhanced Small Cap ETF

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.