Penobscot Wealth Management Invests $2.07 Million in Fidelity Enhanced Small Cap ETF $FESM

Penobscot Wealth Management acquired a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 54,530 shares of the company’s stock, valued at approximately $2,072,000. Fidelity Enhanced Small Cap ETF makes up 0.6% of Penobscot Wealth Management’s portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Asset Planning Inc. raised its position in Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after purchasing an additional 299 shares during the last quarter. KWB Wealth increased its stake in shares of Fidelity Enhanced Small Cap ETF by 3.9% in the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after buying an additional 371 shares during the period. Valmark Advisers Inc. raised its holdings in Fidelity Enhanced Small Cap ETF by 1.6% in the 4th quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after buying an additional 476 shares during the last quarter. Balance Wealth LLC boosted its position in Fidelity Enhanced Small Cap ETF by 1.8% during the 4th quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock worth $1,057,000 after buying an additional 498 shares during the period. Finally, Madison Wealth Partners Inc boosted its position in Fidelity Enhanced Small Cap ETF by 3.8% during the 4th quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock worth $510,000 after buying an additional 498 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA FESM opened at $47.57 on Friday. The firm has a 50 day moving average price of $44.59 and a two-hundred day moving average price of $41.09. The stock has a market cap of $5.35 billion, a P/E ratio of 16.78 and a beta of 1.35. Fidelity Enhanced Small Cap ETF has a 52-week low of $31.34 and a 52-week high of $48.05.

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.