Fidelity Enhanced Small Cap ETF $FESM Shares Sold by Vantagepoint Investment Advisers LLC

Vantagepoint Investment Advisers LLC cut its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 86.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,363,198 shares of the company’s stock after selling 8,675,554 shares during the quarter. Vantagepoint Investment Advisers LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $61,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at about $105,807,000. Cetera Investment Advisers increased its stake in shares of Fidelity Enhanced Small Cap ETF by 46.8% in the first quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after buying an additional 625,917 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity Enhanced Small Cap ETF by 41.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock worth $72,505,000 after acquiring an additional 441,088 shares during the last quarter. Royal Bank of Canada raised its position in shares of Fidelity Enhanced Small Cap ETF by 30.7% during the first quarter. Royal Bank of Canada now owns 1,220,056 shares of the company’s stock worth $46,363,000 after acquiring an additional 286,625 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth about $45,744,000.

Fidelity Enhanced Small Cap ETF Price Performance

Fidelity Enhanced Small Cap ETF stock opened at $45.30 on Tuesday. The stock’s 50 day moving average is $46.13 and its 200 day moving average is $43.75. The firm has a market cap of $6.63 billion, a P/E ratio of 16.78 and a beta of 1.32. Fidelity Enhanced Small Cap ETF has a one year low of $34.83 and a one year high of $48.93.

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.