Fidelity Enhanced Small Cap ETF $FESM Stock: KFG Wealth Management LLC Increases Holdings

KFG Wealth Management LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,992 shares of the company’s stock after acquiring an additional 22,033 shares during the quarter. Fidelity Enhanced Small Cap ETF comprises approximately 2.3% of KFG Wealth Management LLC’s holdings, making the stock its 9th largest holding. KFG Wealth Management LLC owned 0.33% of Fidelity Enhanced Small Cap ETF worth $21,306,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Fidelity Enhanced Small Cap ETF in the 1st quarter worth $105,807,000. Cetera Investment Advisers increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 46.8% during the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock worth $74,560,000 after purchasing an additional 625,917 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 41.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock worth $72,505,000 after purchasing an additional 441,088 shares during the period. 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 valued at $46,363,000 after buying an additional 286,625 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the second quarter valued at about $45,744,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA FESM traded down $0.78 during mid-day trading on Friday, hitting $44.20. The company had a trading volume of 1,091,631 shares, compared to its average volume of 802,867. Fidelity Enhanced Small Cap ETF has a 12 month low of $34.83 and a 12 month high of $48.93. The firm has a market cap of $6.40 billion, a P/E ratio of 16.78 and a beta of 1.32. The business’s 50-day simple moving average is $46.51 and its 200-day simple moving average is $45.42.

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.