Investment Advisory Services Inc. TX ADV Acquires 29,840 Shares of Fidelity Enhanced Small Cap ETF $FESM

Investment Advisory Services Inc. TX ADV raised its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 60.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,873 shares of the company’s stock after buying an additional 29,840 shares during the quarter. Fidelity Enhanced Small Cap ETF comprises 1.0% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 28th largest position. Investment Advisory Services Inc. TX ADV’s holdings in Fidelity Enhanced Small Cap ETF were worth $2,997,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $66,000. Harbor Asset Planning Inc. boosted its holdings 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 valued at $74,000 after acquiring an additional 299 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $83,000. IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $85,000. Finally, Piscataqua Savings Bank purchased a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $94,000.

Fidelity Enhanced Small Cap ETF Trading Down 0.8%

Shares of Fidelity Enhanced Small Cap ETF stock opened at $46.84 on Wednesday. Fidelity Enhanced Small Cap ETF has a 12-month low of $31.24 and a 12-month high of $47.42. The company has a market cap of $5.27 billion, a P/E ratio of 16.78 and a beta of 1.35. The company’s fifty day simple moving average is $44.33 and its two-hundred day simple moving average is $40.96.

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.