Canvas Wealth Advisors LLC Increases Stock Position in Fidelity Enhanced Small Cap ETF $FESM

Canvas Wealth Advisors LLC increased its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 109.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,763 shares of the company’s stock after buying an additional 9,825 shares during the period. Canvas Wealth Advisors LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carolina Wealth Advisors LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth $31,000. Farther Finance Advisors LLC bought a new position in Fidelity Enhanced Small Cap ETF in the 2nd quarter worth about $36,000. Ameritas Advisory Services LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $77,000. Private Trust Co. NA lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 121.8% during the 1st quarter. Private Trust Co. NA now owns 4,868 shares of the company’s stock worth $144,000 after acquiring an additional 2,673 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Fidelity Enhanced Small Cap ETF in the second quarter worth $181,000.

Fidelity Enhanced Small Cap ETF Stock Down 0.6%

Shares of FESM stock opened at $36.52 on Monday. The business has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $32.46. Fidelity Enhanced Small Cap ETF has a 12-month low of $25.19 and a 12-month high of $37.58. The firm has a market cap of $2.74 billion, a P/E ratio of 16.78 and a beta of 1.22.

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.