Northwestern Mutual Wealth Management Co. Raises Position in Fidelity Enhanced Small Cap ETF $FESM

Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 30.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,230,962 shares of the company’s stock after buying an additional 749,061 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Enhanced Small Cap ETF were worth $122,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in Fidelity Enhanced Small Cap ETF by 69.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock worth $28,000 after purchasing an additional 308 shares in the last quarter. Harbor Asset Planning Inc. increased its stake in Fidelity Enhanced Small Cap ETF by 18.1% during the 4th 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 in the last quarter. PNC Financial Services Group Inc. acquired a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter valued at approximately $83,000. IFP Advisors Inc purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth $85,000. Finally, Piscataqua Savings Bank acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth $94,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $45.56 on Friday. The stock has a 50-day moving average of $41.80 and a two-hundred day moving average of $39.86. The stock has a market cap of $5.13 billion, a P/E ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a one year low of $29.95 and a one year high of $45.94.

Fidelity Enhanced Small Cap ETF Company 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.