Base Wealth Management LLC Grows Stake in Fidelity Enhanced Mid Cap ETF $FMDE

Base Wealth Management LLC increased its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 30.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 219,777 shares of the company’s stock after purchasing an additional 51,903 shares during the period. Fidelity Enhanced Mid Cap ETF comprises 4.4% of Base Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Base Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $7,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FMDE. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Enhanced Mid Cap ETF by 170.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after buying an additional 11,869,760 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after buying an additional 2,524,924 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth about $84,551,000. Ameriprise Financial Inc. increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after acquiring an additional 1,999,003 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 90.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock worth $124,883,000 after acquiring an additional 1,627,937 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of NYSEARCA FMDE opened at $40.11 on Thursday. Fidelity Enhanced Mid Cap ETF has a 1 year low of $33.92 and a 1 year high of $40.86. The stock has a market cap of $7.48 billion, a P/E ratio of 20.20 and a beta of 0.91. The firm has a 50-day moving average of $39.53 and a 200 day moving average of $37.96.

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.