D.A. Davidson & CO. Makes New $5.61 Million Investment in Fidelity Enhanced Mid Cap ETF $FMDE

D.A. Davidson & CO. purchased a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the third quarter, HoldingsChannel.com reports. The firm purchased 138,929 shares of the company’s stock, valued at approximately $5,610,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FMDE. Latitude Advisors LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at about $171,000. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $614,000. Park Avenue Securities LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $8,876,000. Verdence Capital Advisors LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $5,366,000. Finally, National Wealth Management Group LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $210,000.

Fidelity Enhanced Mid Cap ETF Stock Down 1.4%

Shares of FMDE stock opened at $41.56 on Friday. The stock’s 50-day moving average price is $41.42 and its 200 day moving average price is $39.43. The stock has a market capitalization of $8.57 billion, a PE ratio of 20.20 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a 52-week low of $34.33 and a 52-week high of $42.97.

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.