HB Wealth Management LLC Invests $4.21 Million in Fidelity Enhanced Mid Cap ETF $FMDE

HB Wealth Management LLC bought a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the second quarter, HoldingsChannel.com reports. The firm bought 103,823 shares of the company’s stock, valued at approximately $4,213,000.

Several other institutional investors and hedge funds have also modified their holdings of FMDE. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC boosted its holdings in Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares during the period. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $43,000. Root Financial Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth approximately $54,000. Finally, Advisory Services Network LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth approximately $75,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

NYSEARCA FMDE opened at $42.13 on Tuesday. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. The company has a 50 day moving average of $41.45 and a 200-day moving average of $39.31. Fidelity Enhanced Mid Cap ETF has a 1-year low of $34.33 and a 1-year high of $42.97.

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.