Fidelity Enhanced Small Cap ETF $FESM Stock Position Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 85.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 350,581 shares of the company’s stock after selling 2,131,320 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Enhanced Small Cap ETF were worth $13,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FESM. Quotient Wealth Partners LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at about $66,765,000. Vantagepoint Investment Advisers LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at about $51,358,000. TruWealth Advisors LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at about $34,145,000. Wellington Management Group LLP bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at about $15,570,000. Finally, Summit Investment Advisory Services LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at about $11,446,000.

Fidelity Enhanced Small Cap ETF Stock Up 2.6%

Fidelity Enhanced Small Cap ETF stock opened at $44.05 on Thursday. The firm has a 50-day moving average price of $40.79 and a two-hundred day moving average price of $39.46. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a 52-week low of $29.70 and a 52-week high of $45.14.

Fidelity Enhanced Small Cap ETF 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.