Fidelity Enhanced Mid Cap ETF $FMDE Position Increased by KFG Wealth Management LLC

KFG Wealth Management LLC lifted its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,019,188 shares of the company’s stock after purchasing an additional 71,394 shares during the quarter. Fidelity Enhanced Mid Cap ETF accounts for 4.5% of KFG Wealth Management LLC’s portfolio, making the stock its 5th largest position. KFG Wealth Management LLC owned about 0.50% of Fidelity Enhanced Mid Cap ETF worth $41,155,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FMDE. Citadel Advisors LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the second quarter worth $118,748,000. Royal Bank of Canada raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 98.6% in the 1st quarter. Royal Bank of Canada now owns 1,064,458 shares of the company’s stock valued at $38,279,000 after buying an additional 528,497 shares in the last quarter. Walled Lake Planning & Wealth Management LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth about $15,324,000. Cetera Investment Advisers lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 24.3% during the 1st quarter. Cetera Investment Advisers now owns 2,043,214 shares of the company’s stock worth $73,474,000 after acquiring an additional 398,833 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 24.7% during the 1st quarter. Kestra Advisory Services LLC now owns 1,901,836 shares of the company’s stock worth $68,390,000 after acquiring an additional 376,601 shares during the period.

Fidelity Enhanced Mid Cap ETF Trading Down 1.0%

NYSEARCA:FMDE traded down $0.42 during mid-day trading on Friday, hitting $41.02. The company’s stock had a trading volume of 1,524,046 shares, compared to its average volume of 939,019. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 20.20 and a beta of 0.93. The stock has a fifty day moving average of $41.59 and a 200-day moving average of $40.16.

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.