Park Avenue Securities LLC Makes New $1.04 Million Investment in Fidelity Enhanced Mid Cap ETF $FMDE

Park Avenue Securities LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 28,646 shares of the company’s stock, valued at approximately $1,036,000.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in Fidelity Enhanced Mid Cap ETF by 777.6% during the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after acquiring an additional 52,669 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock valued at $79,741,000 after purchasing an additional 2,524,924 shares in the last quarter. Fermata Advisors LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the second quarter valued at about $365,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 43.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,561 shares of the company’s stock worth $508,000 after purchasing an additional 4,422 shares during the last quarter. Finally, KFG Wealth Management LLC lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 9.2% in the second quarter. KFG Wealth Management LLC now owns 507,680 shares of the company’s stock worth $17,472,000 after buying an additional 42,984 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA FMDE opened at $37.56 on Wednesday. Fidelity Enhanced Mid Cap ETF has a 1-year low of $26.93 and a 1-year high of $37.72. The business has a 50 day simple moving average of $36.31 and a two-hundred day simple moving average of $35.78. The stock has a market capitalization of $4.79 billion, a PE ratio of 20.20 and a beta of 1.13.

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.