Commonwealth Equity Services LLC Has $53.94 Million Stock Position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Commonwealth Equity Services LLC grew its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 100.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,667,449 shares of the company’s stock after buying an additional 833,533 shares during the period. Commonwealth Equity Services LLC owned approximately 8.54% of Fidelity Enhanced Small Cap ETF worth $53,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FESM. FMR LLC boosted its stake in Fidelity Enhanced Small Cap ETF by 344.3% in the 3rd quarter. FMR LLC now owns 8,310,807 shares of the company’s stock worth $267,400,000 after purchasing an additional 6,440,359 shares during the period. Summit Investment Advisory Services LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $9,215,000. Dahring Cusmano LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $6,930,000. Retirement Income Solutions Inc acquired a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $4,910,000. Finally, Lincoln Capital Corp acquired a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth $2,493,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA:FESM opened at $29.95 on Friday. The company’s 50-day moving average price is $32.47 and its two-hundred day moving average price is $32.78. Fidelity Enhanced Small Cap ETF has a one year low of $27.33 and a one year high of $36.13. The stock has a market capitalization of $2.11 billion, a PE ratio of 17.03 and a beta of 1.22.

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.