NewEdge Advisors LLC Raises Stake in Fidelity Enhanced Mid Cap ETF $FMDE

NewEdge Advisors LLC increased its holdings in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 33.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 85,205 shares of the company’s stock after buying an additional 21,246 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FMDE. Serenity Investment Advisors acquired a new stake in Fidelity Enhanced Mid Cap ETF during the 1st quarter valued at approximately $11,211,000. Summit Financial Wealth Advisors LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 2.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 551,758 shares of the company’s stock worth $19,841,000 after acquiring an additional 12,261 shares during the period. Cornerstone Wealth LLC TN acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth $2,890,000. Bank of America Corp DE increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 28.9% in the first quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock worth $22,710,000 after acquiring an additional 141,475 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 424.5% during the first quarter. Arkadios Wealth Advisors now owns 47,286 shares of the company’s stock worth $1,700,000 after purchasing an additional 38,271 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA FMDE opened at $42.86 on Friday. The company has a market capitalization of $8.10 billion, a PE ratio of 20.20 and a beta of 0.91. The company has a fifty day moving average of $40.67 and a 200 day moving average of $38.71. Fidelity Enhanced Mid Cap ETF has a 1 year low of $34.33 and a 1 year high of $42.89.

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.