Commonwealth Equity Services LLC Reduces Position in Fidelity Enhanced Small Cap ETF $FESM

Commonwealth Equity Services LLC decreased its position in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,749,825 shares of the company’s stock after selling 241,473 shares during the period. Commonwealth Equity Services LLC owned 2.89% of Fidelity Enhanced Small Cap ETF worth $55,977,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lynch & Associates IN grew its position in shares of Fidelity Enhanced Small Cap ETF by 3.4% during the second quarter. Lynch & Associates IN now owns 15,504 shares of the company’s stock worth $496,000 after acquiring an additional 507 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter worth $31,000. Flagship Harbor Advisors LLC increased its stake in Fidelity Enhanced Small Cap ETF by 6.5% in the second quarter. Flagship Harbor Advisors LLC now owns 17,657 shares of the company’s stock valued at $565,000 after purchasing an additional 1,073 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter valued at about $36,000. Finally, FMA Wealth Management LLC increased its position in Fidelity Enhanced Small Cap ETF by 1.9% in the 2nd quarter. FMA Wealth Management LLC now owns 87,419 shares of the company’s stock valued at $2,797,000 after acquiring an additional 1,629 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $36.72 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 1 year low of $25.19 and a 1 year high of $38.15. The company’s fifty day moving average is $36.57 and its two-hundred day moving average is $33.46.

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.