NewEdge Advisors LLC reduced its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) by 85.8% during the 1st quarter, HoldingsChannel reports. The fund owned 9,100 shares of the company’s stock after selling 54,859 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $327,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 113.7% in the 4th quarter. Savvy Advisors Inc. now owns 41,775 shares of the company’s stock valued at $1,520,000 after purchasing an additional 22,222 shares during the period. Sound Portfolio Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter worth about $4,445,000. Investment Advisory Services Inc. TX ADV boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 70.6% during the first quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock worth $2,676,000 after buying an additional 30,786 shares during the period. Independent Financial Group LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $3,244,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $769,000.
Fidelity Enhanced Mid Cap ETF Stock Performance
Shares of Fidelity Enhanced Mid Cap ETF stock opened at $42.17 on Wednesday. The firm has a market cap of $7.97 billion, a PE ratio of 20.20 and a beta of 0.91. The business’s 50 day simple moving average is $40.32 and its 200 day simple moving average is $38.47. Fidelity Enhanced Mid Cap ETF has a 52-week low of $34.33 and a 52-week high of $42.25.
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.
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Want to see what other hedge funds are holding FMDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report).
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