Marshall Investment Management LLC Has $8.80 Million Position in Fidelity Enhanced Mid Cap ETF $FMDE

Marshall Investment Management LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 3,801.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,279 shares of the company’s stock after purchasing an additional 237,043 shares during the quarter. Fidelity Enhanced Mid Cap ETF comprises about 4.7% of Marshall Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Marshall Investment Management LLC owned about 0.21% of Fidelity Enhanced Mid Cap ETF worth $8,795,000 as of its most recent filing with the Securities & Exchange Commission.

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

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of FMDE stock opened at $36.09 on Tuesday. The firm’s 50-day moving average is $37.31 and its 200-day moving average is $36.49. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 52-week low of $26.93 and a 52-week high of $38.26.

About Fidelity Enhanced Mid Cap ETF

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.