Shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $26.53 and last traded at $26.71, with a volume of 23673 shares. The stock had previously closed at $27.97.
Fidelity Enhanced Small Cap ETF Stock Down 4.5 %
The business has a fifty day moving average price of $31.63 and a 200-day moving average price of $32.68. The company has a market cap of $1.50 billion, a P/E ratio of 16.20 and a beta of 1.22.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 208.7% during the 4th quarter. Principal Securities Inc. now owns 1,627 shares of the company’s stock worth $53,000 after buying an additional 1,100 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $71,000. AdvisorNet Financial Inc grew its stake in Fidelity Enhanced Small Cap ETF by 471.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,213 shares of the company’s stock valued at $72,000 after purchasing an additional 1,826 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth about $103,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter worth approximately $201,000.
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.
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