Noble Wealth Management PBC Invests $3.07 Million in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Noble Wealth Management PBC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 93,431 shares of the company’s stock, valued at approximately $3,069,000. Fidelity Enhanced Mid Cap ETF comprises about 2.1% of Noble Wealth Management PBC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter worth $141,133,000. FMR LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 51.7% in the third quarter. FMR LLC now owns 6,556,111 shares of the company’s stock worth $210,845,000 after purchasing an additional 2,232,966 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter worth $13,331,000. JPMorgan Chase & Co. lifted its stake in Fidelity Enhanced Mid Cap ETF by 20,732.0% in the third quarter. JPMorgan Chase & Co. now owns 209,570 shares of the company’s stock worth $6,740,000 after purchasing an additional 208,564 shares during the last quarter. Finally, KFG Wealth Management LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 29.1% in the fourth quarter. KFG Wealth Management LLC now owns 423,550 shares of the company’s stock worth $13,914,000 after purchasing an additional 95,568 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Trading Up 1.3 %

FMDE stock opened at $33.29 on Friday. The firm’s 50-day moving average price is $33.75 and its two-hundred day moving average price is $33.03. Fidelity Enhanced Mid Cap ETF has a 12-month low of $28.21 and a 12-month high of $35.44. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.53 and a beta of 0.93.

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.