Geneva Partners LLC Buys 1,963 Shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Geneva Partners LLC increased its position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,738 shares of the company’s stock after acquiring an additional 1,963 shares during the quarter. Geneva Partners LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $671,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FESM. Greenwood Capital Associates LLC bought a new position in Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $325,000. Summit Investment Advisory Services LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at about $9,215,000. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at about $201,000. Cornerstone Wealth Management LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $210,000. Finally, Lincoln Capital Corp purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $2,493,000.

Fidelity Enhanced Small Cap ETF Price Performance

NYSEARCA FESM opened at $34.01 on Thursday. The stock has a market capitalization of $663.88 million, a PE ratio of 16.61 and a beta of 1.22. The business has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $32.60. Fidelity Enhanced Small Cap ETF has a 1-year low of $27.33 and a 1-year high of $36.13.

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.