Cornerstone Financial Management LLC Purchases Shares of 14,630 Fidelity Enhanced Small Cap ETF $FESM

Cornerstone Financial Management LLC purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 14,630 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors have also recently added to or reduced their stakes in the company. DecisionMap Wealth Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $1,398,000. American National Bank of Texas acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $6,226,000. Focus Financial Network Inc. acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $2,301,000. Petra Financial Advisors Inc. acquired a new position in Fidelity Enhanced Small Cap ETF in the third quarter valued at approximately $865,000. Finally, Mayfair Advisory Group LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 37.8% in the fourth quarter. Mayfair Advisory Group LLC now owns 207,504 shares of the company’s stock valued at $7,898,000 after buying an additional 56,941 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Up 1.0%

Shares of FESM opened at $46.33 on Friday. Fidelity Enhanced Small Cap ETF has a 12-month low of $30.37 and a 12-month high of $46.72. The business’s fifty day moving average is $43.29 and its 200 day moving average is $40.49. The stock has a market cap of $5.21 billion, a P/E ratio of 16.78 and a beta of 1.35.

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.