Fidelity Enhanced Small Cap ETF $FESM Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. grew its holdings in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 783,107 shares of the company’s stock after acquiring an additional 11,559 shares during the quarter. Fidelity Enhanced Small Cap ETF makes up 1.1% of Focus Financial Network Inc.’s investment portfolio, making the stock its 16th biggest position. Focus Financial Network Inc.’s holdings in Fidelity Enhanced Small Cap ETF were worth $35,201,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 55.9% in the 1st 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. bought a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter worth approximately $209,000. Dynamic Advisor Solutions LLC bought a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter worth approximately $249,000. Sheets Smith Wealth Management purchased a new position in Fidelity Enhanced Small Cap ETF in the 1st quarter worth approximately $203,000. Finally, Harbor Asset Planning Inc. increased its stake in Fidelity Enhanced Small Cap ETF by 201.8% in the 1st quarter. Harbor Asset Planning Inc. now owns 5,897 shares of the company’s stock worth $224,000 after purchasing an additional 3,943 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Down 0.2%

Shares of FESM opened at $45.15 on Wednesday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.78 and a beta of 1.32. Fidelity Enhanced Small Cap ETF has a twelve month low of $34.83 and a twelve month high of $48.93. The firm has a fifty day simple moving average of $46.72 and a two-hundred day simple moving average of $45.33.

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.