Milestone Investment Advisors LLC Buys Shares of 23,111 Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Milestone Investment Advisors LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,111 shares of the company’s stock, valued at approximately $748,000. Milestone Investment Advisors LLC owned 0.12% of Fidelity Enhanced Small Cap ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Horizon Investment Services LLC acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter worth $768,000. PKS Advisory Services LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth $898,000. LPL Financial LLC increased its holdings in Fidelity Enhanced Small Cap ETF by 923.7% in the fourth quarter. LPL Financial LLC now owns 505,394 shares of the company’s stock valued at $16,349,000 after purchasing an additional 456,026 shares during the last quarter. Eaton Financial Holdings Company LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $7,191,000. Finally, Harbour Investments Inc. lifted its stake in Fidelity Enhanced Small Cap ETF by 88.9% in the fourth quarter. Harbour Investments Inc. now owns 36,184 shares of the company’s stock valued at $1,171,000 after buying an additional 17,025 shares during the period.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock opened at $29.99 on Thursday. The stock has a market cap of $1.69 billion, a PE ratio of 16.20 and a beta of 1.22. The stock has a 50-day moving average of $31.75 and a 200-day moving average of $32.71. Fidelity Enhanced Small Cap ETF has a one year low of $27.33 and a one year 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.