Cornerstone Wealth LLC TN Purchases Shares of 76,070 Fidelity Enhanced Mid Cap ETF $FMDE

Cornerstone Wealth LLC TN acquired a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 76,070 shares of the company’s stock, valued at approximately $2,890,000. Fidelity Enhanced Mid Cap ETF accounts for about 1.6% of Cornerstone Wealth LLC TN’s holdings, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in FMDE. Savvy Advisors Inc. raised its position in Fidelity Enhanced Mid Cap ETF by 113.7% in the fourth quarter. Savvy Advisors Inc. now owns 41,775 shares of the company’s stock valued at $1,520,000 after purchasing an additional 22,222 shares during the period. Sound Portfolio Advisors LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at approximately $4,445,000. Investment Advisory Services Inc. TX ADV grew its position in shares of Fidelity Enhanced Mid Cap ETF by 70.6% during the first quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock worth $2,676,000 after buying an additional 30,786 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth $3,244,000. Finally, Bleakley Financial Group LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the first quarter valued at $769,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE opened at $40.89 on Thursday. The company has a market capitalization of $7.71 billion, a P/E ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 1-year low of $34.06 and a 1-year high of $41.50. The company has a 50-day moving average of $40.14 and a 200-day moving average of $38.36.

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.