Landing Point Financial Group LLC Has $9.78 Million Stock Holdings in Fidelity Enhanced Small Cap ETF $FESM

Landing Point Financial Group LLC increased its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,788 shares of the company’s stock after purchasing an additional 15,298 shares during the period. Fidelity Enhanced Small Cap ETF makes up 4.9% of Landing Point Financial Group LLC’s portfolio, making the stock its 6th largest holding. Landing Point Financial Group LLC owned about 0.27% of Fidelity Enhanced Small Cap ETF worth $9,777,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. lifted its stake in Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $83,000. IFP Advisors Inc purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth approximately $85,000. Piscataqua Savings Bank bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $94,000. Finally, Advisory Services Network LLC bought a new position in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at $155,000.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA:FESM opened at $44.31 on Monday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. Fidelity Enhanced Small Cap ETF has a twelve month low of $30.37 and a twelve month high of $45.94. The stock has a fifty day simple moving average of $42.53 and a 200-day simple moving average of $40.18.

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.