Clearwave Capital LLC Makes New Investment in Fidelity Enhanced Small Cap ETF $FESM

Clearwave Capital LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 61,355 shares of the company’s stock, valued at approximately $2,318,000. Fidelity Enhanced Small Cap ETF makes up approximately 1.7% of Clearwave Capital LLC’s investment portfolio, making the stock its 16th biggest position. Clearwave Capital LLC owned about 0.06% of Fidelity Enhanced Small Cap ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Harbor Asset Planning Inc. boosted its stake in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after buying an additional 299 shares in the last quarter. KWB Wealth lifted its holdings in Fidelity Enhanced Small Cap ETF by 3.9% in the 4th quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after acquiring an additional 371 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Fidelity Enhanced Small Cap ETF by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after purchasing an additional 476 shares in the last quarter. Balance Wealth LLC raised its holdings in shares of Fidelity Enhanced Small Cap ETF by 1.8% in the 4th quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock worth $1,057,000 after purchasing an additional 498 shares in the last quarter. Finally, Madison Wealth Partners Inc boosted its holdings in Fidelity Enhanced Small Cap ETF by 3.8% during the fourth quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock worth $510,000 after buying an additional 498 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of NYSEARCA FESM opened at $46.77 on Friday. Fidelity Enhanced Small Cap ETF has a 52-week low of $30.37 and a 52-week high of $47.11. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. The stock’s fifty day simple moving average is $44.05 and its 200 day simple moving average is $40.81.

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.