Independent Financial Group LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 90,207 shares of the company’s stock, valued at approximately $3,244,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at about $30,000. Quattro Advisors LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at about $43,000. Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $54,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $75,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after buying an additional 331 shares during the last quarter.
Fidelity Enhanced Mid Cap ETF Stock Down 0.5%
Shares of Fidelity Enhanced Mid Cap ETF stock opened at $40.42 on Friday. The company has a market cap of $7.48 billion, a P/E ratio of 20.20 and a beta of 0.91. The firm’s 50 day moving average price is $39.81 and its 200-day moving average price is $38.14. Fidelity Enhanced Mid Cap ETF has a 52-week low of $34.06 and a 52-week high of $40.86.
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.
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