Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 984.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 679,793 shares of the company’s stock after acquiring an additional 617,106 shares during the quarter. Envestnet Asset Management Inc. owned about 1.19% of Fidelity Enhanced Mid Cap ETF worth $21,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Fidelity Enhanced Mid Cap ETF by 45.7% in the fourth quarter. FMR LLC now owns 9,554,800 shares of the company’s stock valued at $313,875,000 after purchasing an additional 2,998,689 shares during the period. Richard P Slaughter Associates Inc acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth about $36,019,000. Demars Financial Group LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 3,108.5% during the fourth quarter. Demars Financial Group LLC now owns 535,015 shares of the company’s stock valued at $16,286,000 after buying an additional 518,340 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $8,263,000. Finally, JPMorgan Chase & Co. raised its position in shares of Fidelity Enhanced Mid Cap ETF by 53.6% during the 4th quarter. JPMorgan Chase & Co. now owns 321,923 shares of the company’s stock worth $10,575,000 after purchasing an additional 112,353 shares during the period.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock opened at $34.41 on Thursday. The business has a 50 day simple moving average of $33.73 and a 200 day simple moving average of $32.77. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 20.20 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a 12-month low of $26.93 and a 12-month high of $35.44.

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.