Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) shares saw unusually-strong trading volume on Tuesday . 906,354 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 749,692 shares.The stock last traded at $45.9880 and had previously closed at $45.86.
Fidelity Enhanced Small Cap ETF Price Performance
The firm has a market capitalization of $5.92 billion, a P/E ratio of 16.78 and a beta of 1.30. The firm’s 50 day moving average is $47.30 and its two-hundred day moving average is $44.53.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Analysts LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 1.2% in the 2nd quarter. Capital Analysts LLC now owns 851,673 shares of the company’s stock valued at $41,127,000 after purchasing an additional 9,816 shares during the last quarter. NewEdge Advisors LLC increased its position in Fidelity Enhanced Small Cap ETF by 1.1% during the second quarter. NewEdge Advisors LLC now owns 107,057 shares of the company’s stock worth $5,170,000 after buying an additional 1,119 shares during the last quarter. Baird Financial Group Inc. increased its position in Fidelity Enhanced Small Cap ETF by 4.0% during the second quarter. Baird Financial Group Inc. now owns 392,125 shares of the company’s stock worth $18,936,000 after buying an additional 14,911 shares during the last quarter. Allworth Financial LP increased its position in Fidelity Enhanced Small Cap ETF by 165.8% during the second quarter. Allworth Financial LP now owns 5,980 shares of the company’s stock worth $289,000 after buying an additional 3,730 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the second quarter valued at approximately $45,744,000.
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.
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