Armor Investment Advisors LLC Buys New Shares in Fidelity Enhanced Small Cap ETF $FESM

Armor Investment Advisors LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 111,093 shares of the company’s stock, valued at approximately $4,222,000. Fidelity Enhanced Small Cap ETF accounts for approximately 1.5% of Armor Investment Advisors LLC’s portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 4.2% in the first quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock worth $6,109,000 after buying an additional 8,269 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 146.9% in the second quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock worth $8,194,000 after purchasing an additional 152,392 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter worth about $1,873,000. CLG LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter worth about $681,000. Finally, Bank of America Corp DE boosted its stake in Fidelity Enhanced Small Cap ETF by 897.4% during the second quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock valued at $198,000 after buying an additional 5,564 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

NYSEARCA FESM opened at $47.37 on Wednesday. Fidelity Enhanced Small Cap ETF has a 1-year low of $31.72 and a 1-year high of $48.62. The business has a 50 day simple moving average of $45.48 and a two-hundred day simple moving average of $41.61. The stock has a market capitalization of $5.68 billion, a PE ratio of 16.78 and a beta of 1.29.

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.