Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 32.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,191,224 shares of the company’s stock after acquiring an additional 2,231,082 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 6.70% of Fidelity Enhanced Mid Cap ETF worth $334,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after acquiring an additional 331 shares during the period. Geneva Partners LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 2.5% during the third quarter. Geneva Partners LLC now owns 15,703 shares of the company’s stock worth $568,000 after buying an additional 381 shares during the period. Certified Advisory Corp increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 1.0% during the third quarter. Certified Advisory Corp now owns 38,431 shares of the company’s stock worth $1,389,000 after buying an additional 390 shares during the period. Evergreen Private Wealth LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 1.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 28,986 shares of the company’s stock worth $1,055,000 after buying an additional 544 shares during the period. Finally, Creative Planning increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 3.7% during the third quarter. Creative Planning now owns 18,243 shares of the company’s stock worth $660,000 after buying an additional 655 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE stock opened at $39.61 on Friday. The company’s 50 day moving average price is $37.72 and its 200 day moving average price is $37.13. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $32.83 and a fifty-two week high of $39.75. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.20 and a beta of 0.96.

Fidelity Enhanced Mid Cap ETF Company Profile

The Fidelity Enhanced Mid Cap ETF (FMDE) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed fund that invests in US, mid-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel Midcap Index. FMDE was launched on Dec 20, 2007 and is issued by Fidelity.