Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Hits New 12-Month High – Time to Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) hit a new 52-week high on Thursday . The company traded as high as $45.94 and last traded at $45.87, with a volume of 1172910 shares changing hands. The stock had previously closed at $44.54.

Fidelity Enhanced Small Cap ETF Trading Up 1.0%

The stock has a 50-day simple moving average of $43.29 and a two-hundred day simple moving average of $40.49. The firm has a market capitalization of $5.21 billion, a P/E ratio of 16.78 and a beta of 1.35.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at $105,807,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 39,683.2% in the 4th 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 during the period. Tableaux LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $68,706,000. Dynasty Wealth Management LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $67,286,000. Finally, Quotient Wealth Partners LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $66,765,000.

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.