Fidelity Enhanced Mid Cap ETF $FMDE Shares Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 611,650 shares of the company’s stock after buying an additional 32,414 shares during the period. Fidelity Enhanced Mid Cap ETF makes up about 3.1% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $24,698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Anchor Investment Management LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $30,000. Cornerstone Planning Group LLC increased its position in shares of Fidelity Enhanced Mid Cap ETF by 70.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after acquiring an additional 454 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth about $54,000. Mayflower Financial Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth about $224,000. Finally, Harbor Investment Advisory LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the first quarter valued at about $227,000.

Fidelity Enhanced Mid Cap ETF Trading Up 0.6%

NYSEARCA FMDE traded up $0.27 during mid-day trading on Thursday, reaching $41.24. 466,784 shares of the company’s stock traded hands, compared to its average volume of 934,089. Fidelity Enhanced Mid Cap ETF has a 1-year low of $34.33 and a 1-year high of $42.97. The company has a fifty day simple moving average of $41.62 and a 200-day simple moving average of $40.11. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 20.20 and a beta of 0.93.

Fidelity Enhanced Mid Cap ETF Company 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.