Fidelity Enhanced Small Cap ETF $FESM Stake Lifted by Landing Point Financial Group LLC

Landing Point Financial Group LLC grew its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 6.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 258,788 shares of the company’s stock after purchasing an additional 15,298 shares during the quarter. Fidelity Enhanced Small Cap ETF makes up 4.9% of Landing Point Financial Group LLC’s portfolio, making the stock its 6th biggest position. Landing Point Financial Group LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $9,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 30.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock valued at $122,066,000 after acquiring an additional 749,061 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at about $67,286,000. Quotient Wealth Partners LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at about $66,765,000. Calamos Wealth Management LLC lifted its position in shares of Fidelity Enhanced Small Cap ETF by 1.0% in the 4th quarter. Calamos Wealth Management LLC now owns 935,638 shares of the company’s stock worth $35,348,000 after purchasing an additional 9,049 shares during the period. Finally, TruWealth Advisors LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $34,145,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock opened at $44.31 on Monday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. Fidelity Enhanced Small Cap ETF has a 52-week low of $30.37 and a 52-week high of $45.94. The company’s 50 day moving average is $42.53 and its 200 day moving average is $40.18.

Fidelity Enhanced Small Cap ETF 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.