PNC Financial Services Group Inc. Increases Stake in Fidelity Enhanced Mid Cap ETF $FMDE

PNC Financial Services Group Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 186.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,333 shares of the company’s stock after purchasing an additional 13,247 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity Enhanced Mid Cap ETF were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Savvy Advisors Inc. increased its stake in shares of 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 worth $1,520,000 after buying an additional 22,222 shares during the period. Sound Portfolio Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $4,445,000. Investment Advisory Services Inc. TX ADV boosted its position in Fidelity Enhanced Mid Cap ETF by 70.6% during the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock valued at $2,676,000 after buying an additional 30,786 shares during the period. Independent Financial Group LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter worth $3,244,000. Finally, Mayfair Advisory Group LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 56.9% in the 4th quarter. Mayfair Advisory Group LLC now owns 232,416 shares of the company’s stock worth $8,513,000 after acquiring an additional 84,284 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE stock opened at $41.11 on Monday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. The firm’s 50-day moving average price is $40.22 and its two-hundred day moving average price is $38.41. Fidelity Enhanced Mid Cap ETF has a 12-month low of $34.06 and a 12-month high of $41.49.

About Fidelity Enhanced Mid Cap ETF

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.