HighTower Advisors LLC Raises Stock Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

HighTower Advisors LLC boosted its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 258.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,505 shares of the company’s stock after buying an additional 32,823 shares during the period. HighTower Advisors LLC owned approximately 0.08% of Fidelity Enhanced Mid Cap ETF worth $1,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FMDE. Richard P Slaughter Associates Inc purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $36,019,000. LPL Financial LLC raised its holdings in Fidelity Enhanced Mid Cap ETF by 148.2% in the 1st quarter. LPL Financial LLC now owns 1,082,328 shares of the company’s stock valued at $33,920,000 after buying an additional 646,332 shares during the period. Envestnet Asset Management Inc. raised its holdings in Fidelity Enhanced Mid Cap ETF by 984.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 679,793 shares of the company’s stock valued at $21,305,000 after buying an additional 617,106 shares during the period. Commonwealth Equity Services LLC raised its holdings in Fidelity Enhanced Mid Cap ETF by 21.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,120,684 shares of the company’s stock valued at $35,122,000 after buying an additional 199,119 shares during the period. Finally, Aspen Wealth Strategies LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $5,513,000.

Fidelity Enhanced Mid Cap ETF Trading Down 0.5%

Shares of FMDE opened at $35.68 on Tuesday. The firm has a market cap of $3.17 billion, a P/E 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 $36.02. The company’s 50-day moving average price is $34.70 and its 200 day moving average price is $33.00.

Fidelity Enhanced Mid Cap ETF 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.