Berger Financial Group Inc Increases Holdings in Fidelity Enhanced Small Cap ETF $FESM

Berger Financial Group Inc lifted its holdings in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) by 50.5% in the first quarter, Holdings Channel reports. The fund owned 314,436 shares of the company’s stock after purchasing an additional 105,492 shares during the quarter. Berger Financial Group Inc’s holdings in Fidelity Enhanced Small Cap ETF were worth $11,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at approximately $66,000. Harbor Asset Planning Inc. lifted its position in Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after buying an additional 299 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $83,000. IFP Advisors Inc purchased a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $85,000. Finally, Piscataqua Savings Bank bought a new position in Fidelity Enhanced Small Cap ETF during the fourth quarter valued at $94,000.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM opened at $47.59 on Friday. The company’s fifty day simple moving average is $45.28 and its 200-day simple moving average is $41.46. The company has a market cap of $5.71 billion, a P/E ratio of 16.78 and a beta of 1.29. Fidelity Enhanced Small Cap ETF has a twelve month low of $31.72 and a twelve month high of $48.62.

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.