Mcrae Capital Management Inc. Invests $1.09 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Mcrae Capital Management Inc. acquired a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,737 shares of the company’s stock, valued at approximately $1,092,000.

Other hedge funds also recently modified their holdings of the company. CWM LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter worth $31,000. Marshall Investment Management LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth $38,000. Atlantic Union Bankshares Corp purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 2nd quarter worth about $44,000. SouthState Corp bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the second quarter valued at approximately $98,000. Finally, Comerica Bank lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 37.8% during the first quarter. Comerica Bank now owns 3,685 shares of the company’s stock worth $115,000 after acquiring an additional 1,010 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Down 1.3%

FMDE stock opened at $35.21 on Friday. The stock has a 50-day simple moving average of $35.93 and a two-hundred day simple moving average of $34.56. The firm has a market capitalization of $4.00 billion, a PE ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a twelve month low of $26.93 and a twelve month high of $36.60.

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.