Adamsbrown Wealth Consultants LLC Buys 55,025 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

Adamsbrown Wealth Consultants LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 559,672 shares of the company’s stock after purchasing an additional 55,025 shares during the period. Fidelity Enhanced Mid Cap ETF comprises about 5.7% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 5th biggest holding. Adamsbrown Wealth Consultants LLC owned 0.44% of Fidelity Enhanced Mid Cap ETF worth $20,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FMDE. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 201.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock valued at $251,609,000 after acquiring an additional 4,647,932 shares during the period. Goldman Sachs Group Inc. grew its position in Fidelity Enhanced Mid Cap ETF by 12,968.9% during the 1st 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 in the last quarter. Ameriprise Financial Inc. raised its stake in Fidelity Enhanced Mid Cap ETF by 8,528.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock valued at $73,118,000 after purchasing an additional 1,999,003 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 114.4% in the third quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock valued at $76,335,000 after purchasing an additional 1,126,665 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 129.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,482,448 shares of the company’s stock valued at $53,590,000 after purchasing an additional 836,827 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Trading Down 1.4%

Shares of FMDE stock opened at $35.73 on Friday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 1-year low of $26.93 and a 1-year high of $38.26. The stock’s fifty day simple moving average is $37.07 and its 200-day simple moving average is $36.49.

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.