Provenance Wealth Advisors LLC Buys New Holdings in Fidelity Enhanced Small Cap ETF $FESM

Provenance Wealth Advisors LLC purchased a new stake in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the third quarter, according to its most recent filing with the SEC. The fund purchased 401,441 shares of the company’s stock, valued at approximately $18,045,000. Fidelity Enhanced Small Cap ETF comprises 1.1% of Provenance Wealth Advisors LLC’s portfolio, making the stock its 20th biggest position. Provenance Wealth Advisors LLC owned approximately 0.27% of Fidelity Enhanced Small Cap ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp bought a new position in Fidelity Enhanced Small Cap ETF during the first quarter worth $105,807,000. Cetera Investment Advisers increased its stake in Fidelity Enhanced Small Cap ETF by 46.8% during the first quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after purchasing an additional 625,917 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Enhanced Small Cap ETF by 41.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock valued at $72,505,000 after purchasing an additional 441,088 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 30.7% during the first quarter. Royal Bank of Canada now owns 1,220,056 shares of the company’s stock worth $46,363,000 after purchasing an additional 286,625 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter worth $45,744,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Fidelity Enhanced Small Cap ETF stock opened at $45.58 on Wednesday. The firm’s 50-day moving average is $45.85 and its 200-day moving average is $43.94. Fidelity Enhanced Small Cap ETF has a 1 year low of $34.83 and a 1 year high of $48.93. The company has a market cap of $6.72 billion, a P/E ratio of 18.06 and a beta of 1.32.

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.