KFG Wealth Management LLC Boosts Stake in Fidelity Enhanced Mid Cap ETF $FMDE

KFG Wealth Management LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 947,794 shares of the company’s stock after purchasing an additional 53,176 shares during the period. Fidelity Enhanced Mid Cap ETF makes up approximately 4.3% of KFG Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. KFG Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $38,461,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $30,000. Cornerstone Planning Group LLC raised its position in shares of 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 during the period. Quattro Advisors LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $43,000. Root Financial Partners LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the 1st quarter worth approximately $54,000. Finally, Advisory Services Network LLC acquired a new position in Fidelity Enhanced Mid Cap ETF during the third quarter valued at approximately $75,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of NYSEARCA:FMDE opened at $41.82 on Thursday. Fidelity Enhanced Mid Cap ETF has a 52 week low of $34.33 and a 52 week high of $42.97. The company has a market capitalization of $7.91 billion, a PE ratio of 20.20 and a beta of 0.91. The company has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $39.21.

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.