NewEdge Advisors LLC Increases Position in Fidelity Enhanced Mid Cap ETF $FMDE

NewEdge Advisors LLC boosted its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 33.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,205 shares of the company’s stock after purchasing an additional 21,246 shares during the quarter. NewEdge Advisors LLC owned about 0.05% of Fidelity Enhanced Mid Cap ETF worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMDE. Serenity Investment Advisors acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 1st quarter worth $11,211,000. Summit Financial Wealth Advisors LLC increased its position in Fidelity Enhanced Mid Cap ETF by 2.3% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 551,758 shares of the company’s stock valued at $19,841,000 after buying an additional 12,261 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new position in Fidelity Enhanced Mid Cap ETF during the 1st quarter valued at about $2,890,000. Bank of America Corp DE raised its stake in Fidelity Enhanced Mid Cap ETF by 28.9% in the first quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock valued at $22,710,000 after buying an additional 141,475 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Fidelity Enhanced Mid Cap ETF by 424.5% in the first quarter. Arkadios Wealth Advisors now owns 47,286 shares of the company’s stock valued at $1,700,000 after buying an additional 38,271 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 0.8%

FMDE stock opened at $42.86 on Friday. The firm has a 50 day moving average of $40.67 and a 200 day moving average of $38.71. The stock has a market capitalization of $8.10 billion, a PE ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 52 week low of $34.33 and a 52 week high of $42.89.

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.