Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Reaches New 52-Week Low – What’s Next?

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $26.53 and last traded at $26.71, with a volume of 23673 shares. The stock had previously closed at $27.97.

Fidelity Enhanced Small Cap ETF Stock Down 4.7 %

The firm has a 50 day moving average of $31.48 and a 200 day moving average of $32.65. The firm has a market cap of $1.50 billion, a PE ratio of 16.20 and a beta of 1.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc raised its stake in Fidelity Enhanced Small Cap ETF by 471.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,213 shares of the company’s stock valued at $72,000 after acquiring an additional 1,826 shares during the period. HighTower Advisors LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 8.7% in the third quarter. HighTower Advisors LLC now owns 10,233 shares of the company’s stock worth $330,000 after purchasing an additional 815 shares in the last quarter. LPL Financial LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 923.7% in the fourth quarter. LPL Financial LLC now owns 505,394 shares of the company’s stock worth $16,349,000 after purchasing an additional 456,026 shares in the last quarter. PFG Advisors bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at approximately $335,000. Finally, MML Investors Services LLC lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 14.4% during the 3rd quarter. MML Investors Services LLC now owns 60,545 shares of the company’s stock valued at $1,948,000 after buying an additional 7,627 shares in the last quarter.

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.