Private Advisor Group LLC Raises Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

Private Advisor Group LLC boosted its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,103 shares of the company’s stock after purchasing an additional 39,500 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $9,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMDE. TrueWealth Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 3rd quarter valued at about $3,843,000. Adamsbrown Wealth Consultants LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth approximately $18,243,000. Essex Financial Services Inc. purchased a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth approximately $632,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 129.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,482,448 shares of the company’s stock worth $53,590,000 after purchasing an additional 836,827 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth approximately $548,000.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE stock opened at $36.55 on Thursday. Fidelity Enhanced Mid Cap ETF has a 1 year low of $26.93 and a 1 year high of $38.26. The firm has a market capitalization of $5.01 billion, a PE ratio of 20.20 and a beta of 1.13. The business has a 50 day simple moving average of $37.36 and a 200-day simple moving average of $36.49.

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.