Verdence Capital Advisors LLC purchased a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 132,882 shares of the company’s stock, valued at approximately $5,366,000. Verdence Capital Advisors LLC owned 0.06% of Fidelity Enhanced Mid Cap ETF as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in FMDE. Citadel Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter worth approximately $118,748,000. Cetera Investment Advisers raised its stake in Fidelity Enhanced Mid Cap ETF by 24.3% during the 1st quarter. Cetera Investment Advisers now owns 2,043,214 shares of the company’s stock valued at $73,474,000 after buying an additional 398,833 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity Enhanced Mid Cap ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,983,161 shares of the company’s stock valued at $80,477,000 after buying an additional 171,715 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 24.7% during the 1st quarter. Kestra Advisory Services LLC now owns 1,901,836 shares of the company’s stock valued at $68,390,000 after buying an additional 376,601 shares during the period. Finally, Capital Analysts LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 1.3% during the 2nd quarter. Capital Analysts LLC now owns 1,862,959 shares of the company’s stock valued at $75,598,000 after buying an additional 23,483 shares during the period.
Fidelity Enhanced Mid Cap ETF Price Performance
FMDE stock opened at $41.69 on Tuesday. Fidelity Enhanced Mid Cap ETF has a 1 year low of $34.33 and a 1 year high of $42.97. The company has a market cap of $8.53 billion, a P/E ratio of 20.20 and a beta of 0.93. The stock’s fifty day moving average price is $41.46 and its 200-day moving average price is $39.34.
Fidelity Enhanced Mid Cap ETF 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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