HighTower Advisors LLC Raises Holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

HighTower Advisors LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 8.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,233 shares of the company’s stock after buying an additional 815 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its position in Fidelity Enhanced Small Cap ETF by 344.3% during the third quarter. FMR LLC now owns 8,310,807 shares of the company’s stock worth $267,400,000 after buying an additional 6,440,359 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 103.3% during the second quarter. Commonwealth Equity Services LLC now owns 612,902 shares of the company’s stock valued at $17,832,000 after acquiring an additional 311,352 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity Enhanced Small Cap ETF by 846.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 205,988 shares of the company’s stock worth $5,993,000 after purchasing an additional 184,214 shares in the last quarter. FMA Wealth Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at about $2,774,000. Finally, Geneva Partners LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the 3rd quarter valued at about $604,000.

Fidelity Enhanced Small Cap ETF Price Performance

Fidelity Enhanced Small Cap ETF stock opened at $32.58 on Tuesday. The firm’s 50-day moving average is $33.92 and its two-hundred day moving average is $31.78. The stock has a market capitalization of $635.96 million, a P/E ratio of 16.61 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a 12-month low of $26.60 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.