KFG Wealth Management LLC Makes New $16.32 Million Investment in Fidelity Enhanced Small Cap ETF $FESM

KFG Wealth Management LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the first quarter, Holdings Channel reports. The institutional investor purchased 429,616 shares of the company’s stock, valued at approximately $16,325,000. Fidelity Enhanced Small Cap ETF makes up approximately 2.1% of KFG Wealth Management LLC’s portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 42.9% in the first quarter. Kestra Private Wealth Services LLC now owns 45,989 shares of the company’s stock valued at $1,748,000 after acquiring an additional 13,799 shares in the last quarter. Breakwater Capital Group grew its holdings in Fidelity Enhanced Small Cap ETF by 115.1% during the 1st quarter. Breakwater Capital Group now owns 57,407 shares of the company’s stock worth $2,181,000 after acquiring an additional 30,723 shares in the last quarter. Integrated Capital Management LLC bought a new position in Fidelity Enhanced Small Cap ETF during the 1st quarter worth about $4,457,000. Investment Advisory Services Inc. TX ADV grew its holdings in Fidelity Enhanced Small Cap ETF by 60.9% during the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 78,873 shares of the company’s stock worth $2,997,000 after acquiring an additional 29,840 shares in the last quarter. Finally, XML Financial LLC increased its position in Fidelity Enhanced Small Cap ETF by 74.6% during the 1st quarter. XML Financial LLC now owns 9,360 shares of the company’s stock valued at $356,000 after purchasing an additional 4,000 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA:FESM opened at $47.17 on Thursday. Fidelity Enhanced Small Cap ETF has a one year low of $31.32 and a one year high of $47.71. The firm has a market cap of $5.31 billion, a P/E ratio of 16.78 and a beta of 1.35. The firm has a 50-day simple moving average of $44.46 and a 200-day simple moving average of $41.02.

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.