Redhawk Wealth Advisors Inc. Invests $11.42 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Redhawk Wealth Advisors Inc. acquired a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 281,464 shares of the company’s stock, valued at approximately $11,422,000. Fidelity Enhanced Mid Cap ETF accounts for 1.1% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 20th largest position. Redhawk Wealth Advisors Inc. owned about 0.15% of Fidelity Enhanced Mid Cap ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FMDE. Sound Portfolio Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $4,445,000. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.6% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock valued at $2,676,000 after purchasing an additional 30,786 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $3,244,000. Bleakley Financial Group LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $769,000. Finally, UBS Group AG grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 429.0% during the fourth quarter. UBS Group AG now owns 233,039 shares of the company’s stock worth $8,478,000 after buying an additional 188,990 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

NYSEARCA:FMDE opened at $42.37 on Tuesday. The stock has a 50-day simple moving average of $40.52 and a 200 day simple moving average of $38.60. Fidelity Enhanced Mid Cap ETF has a 52-week low of $34.33 and a 52-week high of $42.50. The company has a market cap of $8.01 billion, a PE ratio of 20.20 and a beta of 0.91.

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.