KFG Wealth Management LLC Acquires 71,394 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

KFG Wealth Management LLC grew its holdings in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 7.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,019,188 shares of the company’s stock after buying an additional 71,394 shares during the quarter. Fidelity Enhanced Mid Cap ETF comprises approximately 4.5% of KFG Wealth Management LLC’s portfolio, making the stock its 5th largest holding. KFG Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $41,155,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FMDE. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $30,000. Pension & Wealth Management Advisors Inc. grew its holdings in Fidelity Enhanced Mid Cap ETF by 33.8% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,101 shares of the company’s stock worth $44,000 after acquiring an additional 278 shares during the last quarter. Cornerstone Planning Group LLC increased its position 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 acquiring an additional 454 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $54,000. Finally, Mayflower Financial Advisors LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF in the first quarter worth about $224,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of NYSEARCA FMDE traded down $0.42 during trading on Friday, reaching $41.02. The company had a trading volume of 1,524,046 shares, compared to its average volume of 939,019. Fidelity Enhanced Mid Cap ETF has a 52 week low of $34.33 and a 52 week high of $42.97. The business’s 50 day moving average price is $41.59 and its 200-day moving average price is $40.16. The stock has a market cap of $8.32 billion, a PE ratio of 20.20 and a beta of 0.93.

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.