Fifth Third Bancorp Purchases Shares of 2,784,388 Fidelity Enhanced Small Cap ETF $FESM

Fifth Third Bancorp acquired a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,784,388 shares of the company’s stock, valued at approximately $105,807,000.

Several other institutional investors have also modified their holdings of the stock. Harbor Asset Planning Inc. grew its position in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after buying an additional 299 shares during the last quarter. KWB Wealth lifted its position in Fidelity Enhanced Small Cap ETF by 3.9% in the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after acquiring an additional 371 shares during the last quarter. Valmark Advisers Inc. lifted its position in Fidelity Enhanced Small Cap ETF by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after acquiring an additional 476 shares during the last quarter. Balance Wealth LLC boosted its stake in Fidelity Enhanced Small Cap ETF by 1.8% in the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after acquiring an additional 498 shares in the last quarter. Finally, Madison Wealth Partners Inc boosted its stake in Fidelity Enhanced Small Cap ETF by 3.8% in the fourth quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock valued at $510,000 after acquiring an additional 498 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM stock traded down $0.25 during mid-day trading on Friday, hitting $47.53. 2,183,285 shares of the stock were exchanged, compared to its average volume of 705,421. The stock’s fifty day simple moving average is $45.76 and its two-hundred day simple moving average is $41.78. Fidelity Enhanced Small Cap ETF has a 12-month low of $31.72 and a 12-month high of $48.62. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 16.78 and a beta of 1.29.

Fidelity Enhanced Small Cap ETF Company 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.