KFG Wealth Management LLC Increases Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

KFG Wealth Management LLC boosted its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 42.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 894,618 shares of the company’s stock after purchasing an additional 265,420 shares during the period. Fidelity Enhanced Mid Cap ETF comprises about 4.2% of KFG Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. KFG Wealth Management LLC owned approximately 0.54% of Fidelity Enhanced Mid Cap ETF worth $32,170,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Kestra Private Wealth Services LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 21.7% in the first quarter. Kestra Private Wealth Services LLC now owns 91,431 shares of the company’s stock worth $3,288,000 after buying an additional 16,325 shares during the period. Heritage Wealth Management Inc. grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 14.3% during the 1st quarter. Heritage Wealth Management Inc. now owns 12,537 shares of the company’s stock valued at $451,000 after acquiring an additional 1,570 shares during the period. Investment Advisory Services Inc. TX ADV increased its holdings in Fidelity Enhanced Mid Cap ETF by 70.6% in the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock worth $2,676,000 after acquiring an additional 30,786 shares in the last quarter. Worth Asset Management LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter worth approximately $2,059,000. Finally, AdvisorNet Financial Inc raised its stake in Fidelity Enhanced Mid Cap ETF by 5.3% during the 1st quarter. AdvisorNet Financial Inc now owns 182,654 shares of the company’s stock worth $6,568,000 after acquiring an additional 9,190 shares during the period.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of NYSEARCA:FMDE opened at $40.11 on Thursday. Fidelity Enhanced Mid Cap ETF has a 1-year low of $33.70 and a 1-year high of $40.84. The company has a market capitalization of $6.77 billion, a P/E ratio of 20.20 and a beta of 0.94. The firm’s 50 day simple moving average is $39.09 and its two-hundred day simple moving average is $37.69.

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.