FMA Wealth Management LLC Has $2.81 Million Stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

FMA Wealth Management LLC grew its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 86,847 shares of the company’s stock after buying an additional 641 shares during the period. Fidelity Enhanced Small Cap ETF comprises about 2.1% of FMA Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. FMA Wealth Management LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $2,809,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Financial Perspectives Inc increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 4.7% in the 4th quarter. Financial Perspectives Inc now owns 11,854 shares of the company’s stock valued at $383,000 after purchasing an additional 527 shares during the period. HighTower Advisors LLC increased its holdings in shares of 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 valued at $330,000 after purchasing an additional 815 shares during the period. Principal Securities Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 208.7% in the 4th quarter. Principal Securities Inc. now owns 1,627 shares of the company’s stock valued at $53,000 after purchasing an additional 1,100 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of 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. Finally, Geneva Partners LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 10.5% in the 4th quarter. Geneva Partners LLC now owns 20,738 shares of the company’s stock valued at $671,000 after purchasing an additional 1,963 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA FESM opened at $33.52 on Thursday. The stock has a market cap of $654.31 million, a price-to-earnings ratio of 16.61 and a beta of 1.22. The business has a 50 day simple moving average of $33.26 and a 200 day simple moving average of $32.75. Fidelity Enhanced Small Cap ETF has a 52 week low of $27.33 and a 52 week 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.