PNC Financial Services Group Inc. Purchases 11,378 Shares of Fidelity Enhanced Small Cap ETF $FESM

PNC Financial Services Group Inc. boosted its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 520.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,563 shares of the company’s stock after buying an additional 11,378 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity Enhanced Small Cap ETF were worth $515,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FESM. Fifth Third Bancorp bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 1st quarter worth approximately $105,807,000. JPMorgan Chase & Co. raised its position in Fidelity Enhanced Small Cap ETF by 39,683.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,845,939 shares of the company’s stock valued at $69,740,000 after purchasing an additional 1,841,299 shares in the last quarter. Tableaux LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $68,706,000. Dynasty Wealth Management LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $67,286,000. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at $66,765,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $47.46 on Tuesday. Fidelity Enhanced Small Cap ETF has a 52-week low of $32.34 and a 52-week high of $48.62. The business’s fifty day moving average is $46.69 and its 200-day moving average is $42.74. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 16.78 and a beta of 1.29.

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.