Cornerstone Financial Management LLC Buys New Position in Fidelity Enhanced Small Cap ETF $FESM

Cornerstone Financial Management LLC bought a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,630 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors have also added to or reduced their stakes in the company. DecisionMap Wealth Management LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $1,398,000. American National Bank of Texas bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $6,226,000. Focus Financial Network Inc. bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $2,301,000. Petra Financial Advisors Inc. bought a new stake in Fidelity Enhanced Small Cap ETF in the third quarter valued at approximately $865,000. Finally, Mayfair Advisory Group LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 37.8% in the fourth quarter. Mayfair Advisory Group LLC now owns 207,504 shares of the company’s stock valued at $7,898,000 after buying an additional 56,941 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $46.33 on Friday. Fidelity Enhanced Small Cap ETF has a 52-week low of $30.37 and a 52-week high of $46.72. The business’s 50 day moving average price is $43.29 and its two-hundred day moving average price is $40.49. The firm has a market cap of $5.21 billion, a PE ratio of 16.78 and a beta of 1.35.

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.