Breakwater Capital Group Buys 30,723 Shares of Fidelity Enhanced Small Cap ETF $FESM

Breakwater Capital Group increased its stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 115.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,407 shares of the company’s stock after buying an additional 30,723 shares during the quarter. Breakwater Capital Group owned about 0.05% of Fidelity Enhanced Small Cap ETF worth $2,181,000 at the end of the most recent reporting period.

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

Fidelity Enhanced Small Cap ETF Stock Up 0.7%

FESM opened at $47.17 on Thursday. Fidelity Enhanced Small Cap ETF has a twelve month low of $31.32 and a twelve month high of $47.71. The company has a 50-day simple moving average of $44.46 and a 200 day simple moving average of $41.02. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35.

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.