Focus Financial Network Inc. Buys New Position in Fidelity Enhanced Small Cap ETF $FESM

Focus Financial Network Inc. bought a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, HoldingsChannel reports. The firm bought 60,895 shares of the company’s stock, valued at approximately $2,301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vantagepoint Investment Advisers LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the 3rd quarter worth $51,358,000. Calamos Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at $33,876,000. TruWealth Advisors LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth $34,145,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 44.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,481,901 shares of the company’s stock worth $90,738,000 after acquiring an additional 759,702 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Fidelity Enhanced Small Cap ETF in the third quarter worth $15,570,000.

Fidelity Enhanced Small Cap ETF Stock Up 1.2%

FESM opened at $38.62 on Thursday. The stock has a market cap of $3.70 billion, a PE ratio of 16.78 and a beta of 1.48. Fidelity Enhanced Small Cap ETF has a 52 week low of $25.19 and a 52 week high of $41.28. The business’s fifty day simple moving average is $39.55 and its 200 day simple moving average is $38.11.

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.