Independent Financial Group LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 90,207 shares of the company’s stock, valued at approximately $3,244,000. Independent Financial Group LLC owned approximately 0.05% of Fidelity Enhanced Mid Cap ETF at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Enhanced Mid Cap ETF by 170.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock worth $685,032,000 after acquiring an additional 11,869,760 shares during the period. Goldman Sachs Group Inc. increased its position in 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 period. Thrivent Financial for Lutherans bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $84,551,000. Ameriprise Financial Inc. raised its holdings in shares of 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. Finally, Wells Fargo & Company MN raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 90.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock valued at $124,883,000 after purchasing an additional 1,627,937 shares in the last quarter.
Fidelity Enhanced Mid Cap ETF Stock Performance
Shares of FMDE opened at $40.42 on Friday. The company has a 50 day moving average price of $39.81 and a 200-day moving average price of $38.14. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.06 and a fifty-two week high of $40.86. The stock has a market capitalization of $7.48 billion, a PE ratio of 20.20 and a beta of 0.91.
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.
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