Cornerstone Wealth Management LLC Makes New $210,000 Investment in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Cornerstone Wealth Management LLC acquired a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,500 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FESM. AdvisorNet Financial Inc grew its position in Fidelity Enhanced Small Cap ETF by 471.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,213 shares of the company’s stock worth $72,000 after acquiring an additional 1,826 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Fidelity Enhanced Small Cap ETF in the third quarter worth approximately $263,000. HighTower Advisors LLC increased its stake in shares of Fidelity Enhanced Small Cap ETF by 8.7% in the third quarter. HighTower Advisors LLC now owns 10,233 shares of the company’s stock worth $330,000 after buying an additional 815 shares during the period. Brass Tax Wealth Management Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at $372,000. Finally, OmniStar Financial Group Inc. grew its holdings in Fidelity Enhanced Small Cap ETF by 10.2% in the 3rd quarter. OmniStar Financial Group Inc. now owns 14,760 shares of the company’s stock worth $476,000 after acquiring an additional 1,361 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Trading Down 0.4 %

FESM stock opened at $33.89 on Monday. The firm’s 50-day moving average price is $33.82 and its two-hundred day moving average price is $32.48. The stock has a market capitalization of $661.53 million, a price-to-earnings ratio of 16.61 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a 12-month low of $27.25 and a 12-month high of $36.13.

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.