Founders Financial Alliance LLC Buys Shares of 72,934 Fidelity Enhanced Mid Cap ETF $FMDE

Founders Financial Alliance LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 72,934 shares of the company’s stock, valued at approximately $2,637,000. Founders Financial Alliance LLC owned about 0.06% of Fidelity Enhanced Mid Cap ETF at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FMDE. CWM LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the second quarter valued at about $31,000. AE Wealth Management LLC raised its position in shares of Fidelity Enhanced Mid Cap ETF by 632.9% in the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 886 shares during the period. Holos Integrated Wealth LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at approximately $42,000. Atlantic Union Bankshares Corp bought a new position in Fidelity Enhanced Mid Cap ETF in the 2nd quarter worth approximately $44,000. Finally, Farther Finance Advisors LLC grew its stake in Fidelity Enhanced Mid Cap ETF by 4,160.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,960 shares of the company’s stock valued at $71,000 after buying an additional 1,914 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock opened at $37.48 on Tuesday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The company’s fifty day simple moving average is $37.08 and its two-hundred day simple moving average is $36.21. Fidelity Enhanced Mid Cap ETF has a 1 year low of $26.93 and a 1 year high of $38.01.

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.