Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 1-Year High – Time to Buy?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) shares hit a new 52-week high on Monday . The company traded as high as $44.15 and last traded at $44.14, with a volume of 105082 shares trading hands. The stock had previously closed at $43.84.

Fidelity Enhanced Small Cap ETF Stock Performance

The company has a market cap of $5.07 billion, a price-to-earnings ratio of 16.78 and a beta of 1.37. The stock’s fifty day simple moving average is $39.94 and its two-hundred day simple moving average is $38.99.

Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF

Hedge funds have recently made changes to their positions in the stock. DecisionMap Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $1,398,000. American National Bank of Texas acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $6,226,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at $672,000. Focus Financial Network Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at $2,301,000. Finally, Petra Financial Advisors Inc. acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at $865,000.

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.