Modus Advisors LLC Purchases 16,612 Shares of Fidelity Enhanced Small Cap ETF $FESM

Modus Advisors LLC raised its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,395 shares of the company’s stock after acquiring an additional 16,612 shares during the period. Fidelity Enhanced Small Cap ETF makes up 1.3% of Modus Advisors LLC’s portfolio, making the stock its 29th biggest holding. Modus Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $4,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FESM. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Enhanced Small Cap ETF by 71.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,722,199 shares of the company’s stock worth $55,093,000 after purchasing an additional 716,411 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at approximately $51,358,000. Calamos Wealth Management LLC acquired a new stake in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at approximately $33,876,000. Envestnet Asset Management Inc. increased its position in Fidelity Enhanced Small Cap ETF by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 422,437 shares of the company’s stock worth $15,444,000 after buying an additional 3,086 shares during the period. Finally, Little House Capital LLC increased its position in Fidelity Enhanced Small Cap ETF by 2.8% in the 3rd quarter. Little House Capital LLC now owns 378,766 shares of the company’s stock worth $13,848,000 after buying an additional 10,273 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Down 1.6%

Shares of FESM stock opened at $38.94 on Friday. Fidelity Enhanced Small Cap ETF has a 12 month low of $25.19 and a 12 month high of $41.28. The firm has a market cap of $3.73 billion, a PE ratio of 16.78 and a beta of 1.48. The stock has a 50 day moving average of $39.05 and a 200-day moving average of $36.85.

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.