Clearwave Capital LLC Invests $1.87 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Clearwave Capital LLC bought a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 51,309 shares of the company’s stock, valued at approximately $1,867,000. Fidelity Enhanced Mid Cap ETF makes up 1.4% of Clearwave Capital LLC’s portfolio, making the stock its 20th largest holding.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Fidelity Enhanced Mid Cap ETF by 777.6% during the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock worth $1,863,000 after purchasing an additional 52,669 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $79,741,000 after purchasing an additional 2,524,924 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 5.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock valued at $7,959,000 after buying an additional 12,728 shares in the last quarter. Main Street Financial Solutions LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at about $205,000. Finally, Betterment LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 2nd quarter worth approximately $387,000.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA:FMDE opened at $40.11 on Friday. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. The business has a 50 day moving average of $38.93 and a 200 day moving average of $37.60. Fidelity Enhanced Mid Cap ETF has a 1-year low of $33.12 and a 1-year high of $40.84.

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.