Essex Financial Services Inc. Invests $632,000 in Fidelity Enhanced Mid Cap ETF $FMDE

Essex Financial Services Inc. acquired 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 filing with the Securities & Exchange Commission. The firm acquired 17,483 shares of the company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Fidelity Enhanced Mid Cap ETF by 12,968.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the period. Huntington National Bank lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 3.6% in the second quarter. Huntington National Bank now owns 2,409,183 shares of the company’s stock valued at $82,911,000 after buying an additional 84,549 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Enhanced Mid Cap ETF by 107.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,312,210 shares of the company’s stock valued at $79,574,000 after buying an additional 1,196,174 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Fidelity Enhanced Mid Cap ETF by 9.1% during the second quarter. Osaic Holdings Inc. now owns 1,680,001 shares of the company’s stock valued at $57,825,000 after buying an additional 139,859 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Fidelity Enhanced Mid Cap ETF by 129.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,482,448 shares of the company’s stock worth $53,590,000 after acquiring an additional 836,827 shares during the period.

Fidelity Enhanced Mid Cap ETF Trading Down 0.1%

Shares of Fidelity Enhanced Mid Cap ETF stock opened at $37.63 on Friday. Fidelity Enhanced Mid Cap ETF has a 52 week low of $26.93 and a 52 week high of $38.01. The stock has a market cap of $5.16 billion, a PE ratio of 20.20 and a beta of 1.13. The company’s 50-day moving average price is $37.13 and its two-hundred day moving average price is $36.25.

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.