Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 52-Week High – Here’s What Happened

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $39.39 and last traded at $39.41, with a volume of 177502 shares changing hands. The stock had previously closed at $39.13.

Fidelity Enhanced Small Cap ETF Stock Performance

The company has a 50 day moving average of $37.62 and a 200 day moving average of $35.76. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.78 and a beta of 1.48.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FESM. Royal Bank of Canada increased its position in shares of Fidelity Enhanced Small Cap ETF by 4.2% during the first quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock valued at $6,109,000 after acquiring an additional 8,269 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the first quarter valued at $3,123,000. Modus Advisors LLC acquired a new stake in Fidelity Enhanced Small Cap ETF during the 2nd quarter worth approximately $3,672,000. Little House Capital LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 2.8% in the second quarter. Little House Capital LLC now owns 368,493 shares of the company’s stock worth $11,788,000 after acquiring an additional 10,114 shares in the last quarter. Finally, Lincoln Capital Corp increased its position in shares of Fidelity Enhanced Small Cap ETF by 16.1% during the second quarter. Lincoln Capital Corp now owns 88,477 shares of the company’s stock worth $2,830,000 after acquiring an additional 12,286 shares during the period.

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.