Sovran Advisors LLC Takes $746,000 Position in Fidelity Enhanced Mid Cap ETF $FMDE

Sovran Advisors LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 19,382 shares of the company’s stock, valued at approximately $746,000.

A number of other institutional investors have also added to or reduced their stakes in FMDE. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 170.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after acquiring an additional 11,869,760 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 28.3% in the 4th quarter. LPL Financial LLC now owns 4,947,566 shares of the company’s stock worth $179,992,000 after purchasing an additional 1,090,826 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 90.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock worth $124,883,000 after purchasing an additional 1,627,937 shares in the last quarter. Huntington National Bank grew its position in Fidelity Enhanced Mid Cap ETF by 6.4% in the 4th quarter. Huntington National Bank now owns 2,878,740 shares of the company’s stock valued at $104,729,000 after purchasing an additional 173,185 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st 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 during the period.

Fidelity Enhanced Mid Cap ETF Trading Down 0.2%

Shares of FMDE stock opened at $40.50 on Tuesday. The firm has a market capitalization of $7.48 billion, a PE ratio of 20.20 and a beta of 0.91. The firm has a fifty day simple moving average of $39.68 and a two-hundred day simple moving average of $38.05. Fidelity Enhanced Mid Cap ETF has a 12 month low of $33.92 and a 12 month high of $40.86.

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.