RFG Advisory LLC Invests $1.47 Million in Fidelity Enhanced Mid Cap ETF $FMDE

RFG Advisory LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,374 shares of the company’s stock, valued at approximately $1,469,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 201.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock worth $251,609,000 after buying an additional 4,647,932 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12.3% during the third quarter. Huntington National Bank now owns 2,705,555 shares of the company’s stock worth $97,806,000 after buying an additional 296,372 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $79,741,000 after buying an additional 2,524,924 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 114.4% during the third quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock worth $76,335,000 after buying an additional 1,126,665 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% during the third quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after buying an additional 1,999,003 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE opened at $38.83 on Friday. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $32.17 and a fifty-two week high of $39.39. The company has a market capitalization of $6.55 billion, a P/E ratio of 20.20 and a beta of 0.96. The stock has a fifty day moving average of $37.17 and a 200-day moving average of $36.80.

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.