Fifth Third Bancorp Sells 159,697 Shares of Fidelity Enhanced Small Cap ETF $FESM

Fifth Third Bancorp trimmed its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 6.2% during the third quarter, Holdings Channel.com reports. The fund owned 2,425,179 shares of the company’s stock after selling 159,697 shares during the period. Fifth Third Bancorp’s holdings in Fidelity Enhanced Small Cap ETF were worth $109,012,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at about $127,267,000. Cetera Investment Advisers lifted its holdings 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 purchasing an additional 625,917 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 41.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock valued at $72,505,000 after purchasing an additional 441,088 shares in the last quarter. Royal Bank of Canada grew its position in shares of Fidelity Enhanced Small Cap ETF by 30.7% in the first quarter. Royal Bank of Canada now owns 1,220,056 shares of the company’s stock valued at $46,363,000 after purchasing an additional 286,625 shares during the last quarter. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the third quarter valued at approximately $49,341,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM opened at $46.08 on Thursday. The firm has a 50 day simple moving average of $45.59 and a 200-day simple moving average of $44.08. Fidelity Enhanced Small Cap ETF has a 1-year low of $34.83 and a 1-year high of $48.93. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 18.06 and a beta of 1.31.

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.