Sound Portfolio Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 122,195 shares of the company’s stock, valued at approximately $4,445,000. Fidelity Enhanced Mid Cap ETF makes up approximately 3.7% of Sound Portfolio Advisors LLC’s holdings, making the stock its 9th largest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FMDE. AE Wealth Management LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 632.9% in the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 886 shares in the last quarter. Clear Investment Research LLC increased its position in shares of Fidelity Enhanced Mid Cap ETF by 209.6% during the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock worth $47,000 after purchasing an additional 872 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $75,000. Geneos Wealth Management Inc. increased its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after purchasing an additional 331 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $98,000.
Fidelity Enhanced Mid Cap ETF Stock Performance
FMDE opened at $38.37 on Friday. The business’s 50-day simple moving average is $37.26 and its 200-day simple moving average is $36.91. Fidelity Enhanced Mid Cap ETF has a one year low of $32.50 and a one year high of $39.39. The stock has a market capitalization of $6.47 billion, a P/E ratio of 20.20 and a beta of 0.96.
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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