World Investment Advisors Invests $532,000 in Fidelity Enhanced Small Cap ETF $FESM

World Investment Advisors purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,091 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Enhanced Small Cap ETF by 44.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,481,901 shares of the company’s stock worth $90,738,000 after buying an additional 759,702 shares during the period. Quotient Wealth Partners LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $66,765,000. Vantagepoint Investment Advisers LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at $51,358,000. Calamos Wealth Management LLC boosted its holdings in Fidelity Enhanced Small Cap ETF by 1.0% in the fourth quarter. Calamos Wealth Management LLC now owns 935,638 shares of the company’s stock valued at $35,348,000 after purchasing an additional 9,049 shares during the period. Finally, TruWealth Advisors LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $34,145,000.

Fidelity Enhanced Small Cap ETF Trading Down 0.9%

NYSEARCA:FESM opened at $42.95 on Wednesday. The firm has a market cap of $4.83 billion, a PE ratio of 16.78 and a beta of 1.37. The stock has a fifty day moving average price of $40.68 and a 200 day moving average price of $39.41. Fidelity Enhanced Small Cap ETF has a 12-month low of $29.70 and a 12-month high of $45.14.

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.