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

KFG Wealth Management LLC grew its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 947,794 shares of the company’s stock after acquiring an additional 53,176 shares during the period. Fidelity Enhanced Mid Cap ETF accounts for about 4.3% of KFG Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. KFG Wealth Management LLC owned approximately 0.50% of Fidelity Enhanced Mid Cap ETF worth $38,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FMDE. Wealthcare Advisory Partners LLC lifted its holdings in Fidelity Enhanced Mid Cap ETF by 0.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock worth $2,269,000 after buying an additional 285 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Fidelity Enhanced Mid Cap ETF by 15.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after buying an additional 331 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after buying an additional 454 shares during the period. Herbst Group LLC raised its position in shares of Fidelity Enhanced Mid Cap ETF by 6.7% during the second quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock worth $325,000 after acquiring an additional 500 shares during the last quarter. Finally, Evergreen Private Wealth LLC lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 2.0% during the first quarter. Evergreen Private Wealth LLC now owns 29,558 shares of the company’s stock valued at $1,063,000 after acquiring an additional 572 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Up 0.5%

Fidelity Enhanced Mid Cap ETF stock opened at $41.82 on Thursday. The business’s 50-day simple moving average is $41.35 and its 200 day simple moving average is $39.21. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 12-month low of $34.33 and a 12-month high of $42.97.

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.