Summit Financial Wealth Advisors LLC Has $19.84 Million Stock Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

Summit Financial Wealth Advisors LLC grew its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 551,758 shares of the company’s stock after buying an additional 12,261 shares during the quarter. Fidelity Enhanced Mid Cap ETF accounts for 2.8% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 8th largest holding. Summit Financial Wealth Advisors LLC owned about 0.33% of Fidelity Enhanced Mid Cap ETF worth $19,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth LLC TN bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at about $2,890,000. Bank of America Corp DE grew its holdings in Fidelity Enhanced Mid Cap ETF by 28.9% during the 1st quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock worth $22,710,000 after acquiring an additional 141,475 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Fidelity Enhanced Mid Cap ETF by 424.5% during the 1st quarter. Arkadios Wealth Advisors now owns 47,286 shares of the company’s stock worth $1,700,000 after acquiring an additional 38,271 shares in the last quarter. Sunbelt Securities Inc. increased its position in Fidelity Enhanced Mid Cap ETF by 9.4% during the 1st quarter. Sunbelt Securities Inc. now owns 25,154 shares of the company’s stock valued at $905,000 after purchasing an additional 2,151 shares during the period. Finally, Royal Bank of Canada increased its position in Fidelity Enhanced Mid Cap ETF by 98.6% during the 1st quarter. Royal Bank of Canada now owns 1,064,458 shares of the company’s stock valued at $38,279,000 after purchasing an additional 528,497 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Performance

NYSEARCA:FMDE opened at $41.11 on Friday. The firm has a 50-day simple moving average of $40.22 and a 200-day simple moving average of $38.40. Fidelity Enhanced Mid Cap ETF has a one year low of $34.06 and a one year high of $41.49. The firm has a market cap of $7.75 billion, a P/E ratio of 20.20 and a beta of 0.91.

Fidelity Enhanced Mid Cap ETF 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.