Demars Financial Group LLC Decreases Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

Demars Financial Group LLC lowered its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 96.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,387 shares of the company’s stock after selling 495,659 shares during the period. Demars Financial Group LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FMDE. CWM LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at approximately $31,000. Marshall Investment Management LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 1st quarter valued at $38,000. Private Trust Co. NA bought a new stake in Fidelity Enhanced Mid Cap ETF in the first quarter worth $86,000. Comerica Bank boosted its stake in 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 buying an additional 1,010 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the second quarter worth $151,000.

Fidelity Enhanced Mid Cap ETF Trading Up 0.3%

Shares of FMDE opened at $35.40 on Monday. The company’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $33.95. The company has a market cap of $3.83 billion, a P/E ratio of 20.20 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a twelve month low of $26.93 and a twelve month high of $36.60.

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.