Merit Financial Group LLC Purchases New Position in Fidelity Enhanced Mid Cap ETF $FMDE

Merit Financial Group LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 234,659 shares of the company’s stock, valued at approximately $8,537,000. Merit Financial Group LLC owned approximately 0.18% of Fidelity Enhanced Mid Cap ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FMDE. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Enhanced Mid Cap ETF by 201.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock valued at $251,609,000 after purchasing an additional 4,647,932 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 12,968.9% in 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 8,528.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock valued at $73,118,000 after purchasing an additional 1,999,003 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 114.4% in the 3rd quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock valued at $76,335,000 after purchasing an additional 1,126,665 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in 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 purchasing an additional 836,827 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Trading Up 1.6%

Shares of NYSEARCA FMDE opened at $38.51 on Friday. Fidelity Enhanced Mid Cap ETF has a 12-month low of $28.84 and a 12-month high of $38.67. The company has a market cap of $6.39 billion, a P/E ratio of 20.20 and a beta of 1.05. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $36.57.

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.