Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 12-Month High – Here’s What Happened
by Mitch Edgeman · The Markets DailyFidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $48.10 and last traded at $48.09, with a volume of 94300 shares trading hands. The stock had previously closed at $47.86.
Fidelity Enhanced Small Cap ETF Stock Up 0.5%
The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The company’s 50-day moving average is $44.85 and its 200-day moving average is $41.22.
Institutional Trading of Fidelity Enhanced Small Cap ETF
A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 4.2% during the first quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock valued at $6,109,000 after acquiring an additional 8,269 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 146.9% in the 2nd quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock worth $8,194,000 after purchasing an additional 152,392 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 2nd quarter worth about $1,873,000. CLG LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 2nd quarter worth about $681,000. Finally, Bank of America Corp DE increased its position in shares of Fidelity Enhanced Small Cap ETF by 897.4% during the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock worth $198,000 after purchasing an additional 5,564 shares in the last quarter.
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.