Lincoln Capital Corp Takes Position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM)

Lincoln Capital Corp bought a new position in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 77,057 shares of the company’s stock, valued at approximately $2,493,000. Fidelity Enhanced Small Cap ETF accounts for 1.0% of Lincoln Capital Corp’s holdings, making the stock its 28th biggest position.

A number of other institutional investors have also recently bought and sold shares of FESM. AdvisorNet Financial Inc lifted its holdings in shares of 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 period. Brighton Jones LLC acquired a new position in Fidelity Enhanced Small Cap ETF in the third quarter worth about $263,000. HighTower Advisors LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 8.7% during the third quarter. HighTower Advisors LLC now owns 10,233 shares of the company’s stock worth $330,000 after purchasing an additional 815 shares during the period. Brass Tax Wealth Management Inc. acquired a new stake in Fidelity Enhanced Small Cap ETF during the third quarter valued at approximately $372,000. Finally, OmniStar Financial Group Inc. grew its stake in shares of 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 valued at $476,000 after purchasing an additional 1,361 shares during the period.

Fidelity Enhanced Small Cap ETF Trading Up 0.4 %

Shares of FESM opened at $34.03 on Friday. The stock has a market cap of $664.27 million, a PE ratio of 16.61 and a beta of 1.22. Fidelity Enhanced Small Cap ETF has a 1 year low of $27.25 and a 1 year high of $36.13. The stock has a 50 day simple moving average of $33.83 and a 200-day simple moving average of $32.38.

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.