Lincoln Capital Corp Invests $2.49 Million in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Lincoln Capital Corp bought a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 77,057 shares of the company’s stock, valued at approximately $2,493,000. Fidelity Enhanced Small Cap ETF accounts for approximately 1.0% of Lincoln Capital Corp’s investment portfolio, making the stock its 28th biggest holding. Lincoln Capital Corp owned 0.39% of Fidelity Enhanced Small Cap ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its stake in Fidelity Enhanced Small Cap ETF by 471.8% in 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 period. Brighton Jones LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the third quarter worth about $263,000. HighTower Advisors LLC raised its holdings in Fidelity Enhanced Small Cap ETF by 8.7% in the 3rd 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. Brass Tax Wealth Management Inc. bought a new position in shares of Fidelity Enhanced Small Cap ETF during the third quarter valued at $372,000. Finally, OmniStar Financial Group Inc. boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 10.2% during the 3rd quarter. OmniStar Financial Group Inc. now owns 14,760 shares of the company’s stock valued at $476,000 after acquiring an additional 1,361 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA:FESM opened at $34.03 on Friday. The stock’s 50-day simple moving average is $33.83 and its two-hundred day simple moving average is $32.38. The stock has a market capitalization of $664.27 million, a price-to-earnings ratio of 16.61 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a 52-week low of $27.25 and a 52-week 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.