Canvas Wealth Advisors LLC Trims Stock Position in Fidelity Enhanced Small Cap ETF $FESM

Canvas Wealth Advisors LLC decreased its stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 61.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,493 shares of the company’s stock after selling 19,703 shares during the period. Canvas Wealth Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FESM. Fifth Third Bancorp acquired a new stake in Fidelity Enhanced Small Cap ETF during the 1st quarter worth $105,807,000. JPMorgan Chase & Co. boosted its stake in Fidelity Enhanced Small Cap ETF by 39,683.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,845,939 shares of the company’s stock valued at $69,740,000 after acquiring an additional 1,841,299 shares in the last quarter. Tableaux LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $68,706,000. Dynasty Wealth Management LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $67,286,000. Finally, LPL Financial LLC increased its position in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock worth $161,940,000 after purchasing an additional 1,713,064 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Up 0.1%

Shares of NYSEARCA FESM opened at $48.17 on Wednesday. The stock has a market cap of $6.21 billion, a PE ratio of 16.78 and a beta of 1.31. Fidelity Enhanced Small Cap ETF has a 52-week low of $33.30 and a 52-week high of $48.70. The business has a 50-day moving average price of $46.99 and a 200 day moving average price of $43.08.

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.