Fidelity Enhanced Small Cap ETF $FESM Stock Holdings Boosted by KFG Wealth Management LLC

KFG Wealth Management LLC increased its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 473,992 shares of the company’s stock after buying an additional 22,033 shares during the quarter. Fidelity Enhanced Small Cap ETF comprises approximately 2.3% of KFG Wealth Management LLC’s portfolio, making the stock its 9th largest holding. KFG Wealth Management LLC’s holdings in Fidelity Enhanced Small Cap ETF were worth $21,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FESM. Johnson Financial Group Inc. lifted its holdings in Fidelity Enhanced Small Cap ETF by 55.9% during the 1st quarter. Johnson Financial Group Inc. now owns 2,713 shares of the company’s stock valued at $103,000 after purchasing an additional 973 shares during the last quarter. Valued Retirements Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the second quarter worth about $209,000. Dynamic Advisor Solutions LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the second quarter worth about $249,000. Sheets Smith Wealth Management acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the first quarter worth approximately $203,000. Finally, Harbor Asset Planning Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 201.8% during the first quarter. Harbor Asset Planning Inc. now owns 5,897 shares of the company’s stock worth $224,000 after buying an additional 3,943 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA:FESM traded down $0.78 during trading on Friday, reaching $44.20. The stock had a trading volume of 1,091,631 shares, compared to its average volume of 802,867. The stock has a market capitalization of $6.40 billion, a PE ratio of 16.78 and a beta of 1.32. Fidelity Enhanced Small Cap ETF has a 52 week low of $34.83 and a 52 week high of $48.93. The business’s 50-day moving average price is $46.51 and its 200 day moving average price is $45.42.

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.