Avantax Advisory Services Inc. Purchases Shares of 20,558 Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Avantax Advisory Services Inc. purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,558 shares of the company’s stock, valued at approximately $665,000.

Several other hedge funds also recently added to or reduced their stakes in FESM. Financial Perspectives Inc grew its position in shares of Fidelity Enhanced Small Cap ETF by 4.7% during the fourth quarter. Financial Perspectives Inc now owns 11,854 shares of the company’s stock worth $383,000 after acquiring an additional 527 shares during the last quarter. FMA Wealth Management LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 0.7% during the fourth quarter. FMA Wealth Management LLC now owns 86,847 shares of the company’s stock worth $2,809,000 after acquiring an additional 641 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 8.7% during the third quarter. HighTower Advisors LLC now owns 10,233 shares of the company’s stock worth $330,000 after acquiring an additional 815 shares during the last quarter. Principal Securities Inc. grew its position in shares of Fidelity Enhanced Small Cap ETF by 208.7% during the fourth quarter. Principal Securities Inc. now owns 1,627 shares of the company’s stock worth $53,000 after acquiring an additional 1,100 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Fidelity Enhanced Small Cap ETF by 471.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,213 shares of the company’s stock worth $72,000 after acquiring an additional 1,826 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Trading Down 1.0 %

Shares of FESM opened at $30.09 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 17.03 and a beta of 1.22. The company’s 50 day simple moving average is $32.25 and its 200-day simple moving average is $32.73. Fidelity Enhanced Small Cap ETF has a 12-month low of $27.33 and a 12-month high of $36.13.

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.