Modus Advisors LLC Makes New $3.67 Million Investment in Fidelity Enhanced Small Cap ETF $FESM

Modus Advisors LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 114,783 shares of the company’s stock, valued at approximately $3,672,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Madison Wealth Partners Inc lifted its position in shares of Fidelity Enhanced Small Cap ETF by 7.1% during the 1st quarter. Madison Wealth Partners Inc now owns 12,285 shares of the company’s stock valued at $362,000 after buying an additional 812 shares in the last quarter. Financial Perspectives Inc lifted its position in shares of Fidelity Enhanced Small Cap ETF by 12.3% during the 1st quarter. Financial Perspectives Inc now owns 13,315 shares of the company’s stock valued at $393,000 after buying an additional 1,461 shares in the last quarter. Private Trust Co. NA lifted its position 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 valued at $144,000 after buying an additional 2,673 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Fidelity Enhanced Small Cap ETF by 9.7% during the 1st quarter. Kestra Advisory Services LLC now owns 38,537 shares of the company’s stock valued at $1,136,000 after buying an additional 3,398 shares in the last quarter. Finally, PFG Advisors lifted its position in shares of Fidelity Enhanced Small Cap ETF by 63.2% during the 1st quarter. PFG Advisors now owns 16,896 shares of the company’s stock valued at $498,000 after buying an additional 6,541 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA:FESM opened at $36.03 on Friday. Fidelity Enhanced Small Cap ETF has a 1 year low of $25.19 and a 1 year high of $36.44. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.78 and a beta of 1.22. The business’s 50 day moving average price is $33.98 and its 200-day moving average price is $31.32.

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.