Fidelity Enhanced Mid Cap ETF $FMDE Position Lifted by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,758 shares of the company’s stock after acquiring an additional 12,261 shares during the period. Fidelity Enhanced Mid Cap ETF accounts for 2.8% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. Summit Financial Wealth Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $19,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Anchor Investment Management LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 70.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after buying an additional 454 shares during the last quarter. Quattro Advisors LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $43,000. Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $54,000. Finally, Advisory Services Network LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth approximately $75,000.

Fidelity Enhanced Mid Cap ETF Stock Up 0.1%

NYSEARCA FMDE opened at $41.11 on Friday. The firm has a market cap of $7.75 billion, a PE ratio of 20.20 and a beta of 0.91. The company has a 50 day moving average price of $40.22 and a 200 day moving average price of $38.40. Fidelity Enhanced Mid Cap ETF has a 52 week low of $34.06 and a 52 week high of $41.49.

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.