Raymond James Financial Inc. Takes $974,000 Position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Raymond James Financial Inc. purchased a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,101 shares of the company’s stock, valued at approximately $974,000. Raymond James Financial Inc. owned 0.15% of Fidelity Enhanced Small Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FESM. Summit Investment Advisory Services LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $9,215,000. Dahring Cusmano LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth $6,930,000. Retirement Income Solutions Inc bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth $4,910,000. Lincoln Capital Corp bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth $2,493,000. Finally, Private Advisor Group LLC acquired a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $597,000.

Fidelity Enhanced Small Cap ETF Trading Down 4.7 %

Shares of NYSEARCA FESM opened at $26.65 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 16.20 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a 12 month low of $26.02 and a 12 month high of $36.13. The stock has a 50-day moving average price of $31.48 and a two-hundred day moving average price of $32.64.

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.