Lifelong Wealth Advisors Inc. Takes $27.21 Million Position in Fidelity Enhanced Mid Cap ETF $FMDE

Lifelong Wealth Advisors Inc. purchased a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 747,907 shares of the company’s stock, valued at approximately $27,209,000. Fidelity Enhanced Mid Cap ETF makes up 7.2% of Lifelong Wealth Advisors Inc.’s holdings, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Enhanced Mid Cap ETF by 201.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock worth $251,609,000 after acquiring an additional 4,647,932 shares in the last quarter. Huntington National Bank boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 12.3% during the 3rd quarter. Huntington National Bank now owns 2,705,555 shares of the company’s stock worth $97,806,000 after purchasing an additional 296,372 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 114.4% in the 3rd quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock valued at $76,335,000 after purchasing an additional 1,126,665 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock valued at $73,118,000 after purchasing an additional 1,999,003 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 0.4%

Shares of NYSEARCA FMDE opened at $36.03 on Wednesday. Fidelity Enhanced Mid Cap ETF has a 52 week low of $26.93 and a 52 week high of $38.26. The firm has a 50-day moving average price of $37.13 and a 200 day moving average price of $36.50. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13.

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.