Fortress Financial Group LLC Makes New Investment in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Fortress Financial Group LLC purchased a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 10,362 shares of the company’s stock, valued at approximately $305,000.

Several other institutional investors also recently added to or reduced their stakes in FESM. FMR LLC increased its position in Fidelity Enhanced Small Cap ETF by 45.6% in the 4th quarter. FMR LLC now owns 12,099,573 shares of the company’s stock worth $391,421,000 after buying an additional 3,788,766 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 100.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,667,449 shares of the company’s stock worth $53,942,000 after purchasing an additional 833,533 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 923.7% during the 4th quarter. LPL Financial LLC now owns 505,394 shares of the company’s stock worth $16,349,000 after purchasing an additional 456,026 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $7,191,000. Finally, Dahring Cusmano LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $6,930,000.

Fidelity Enhanced Small Cap ETF Trading Up 1.5%

Shares of NYSEARCA:FESM opened at $31.34 on Friday. Fidelity Enhanced Small Cap ETF has a 1-year low of $25.19 and a 1-year high of $36.13. The firm has a market capitalization of $1.83 billion, a PE ratio of 16.87 and a beta of 1.22. The business’s 50 day moving average is $29.10 and its 200-day moving average is $31.50.

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.