Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 52-Week Low – What’s Next?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s share price reached a new 52-week low on Friday . The stock traded as low as $26.53 and last traded at $26.71, with a volume of 23673 shares changing hands. The stock had previously closed at $27.97.

Fidelity Enhanced Small Cap ETF Trading Down 4.7 %

The stock has a market cap of $1.50 billion, a PE ratio of 16.20 and a beta of 1.22. The business has a fifty day simple moving average of $31.48 and a two-hundred day simple moving average of $32.65.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FESM. AdvisorNet Financial Inc lifted its holdings 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 valued at $72,000 after purchasing an additional 1,826 shares during the last quarter. HighTower Advisors LLC raised its stake in 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 valued at $330,000 after buying an additional 815 shares during the last quarter. LPL Financial LLC raised its stake in Fidelity Enhanced Small Cap ETF by 923.7% during the fourth quarter. LPL Financial LLC now owns 505,394 shares of the company’s stock valued at $16,349,000 after buying an additional 456,026 shares during the last quarter. PFG Advisors bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter worth $335,000. Finally, MML Investors Services LLC grew its stake in shares of Fidelity Enhanced Small Cap ETF by 14.4% in the third quarter. MML Investors Services LLC now owns 60,545 shares of the company’s stock worth $1,948,000 after acquiring an additional 7,627 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Company 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.