KFG Wealth Management LLC Raises Stock Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

KFG Wealth Management LLC increased its holdings in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 42.2% during the first quarter, Holdings Channel reports. The firm owned 894,618 shares of the company’s stock after acquiring an additional 265,420 shares during the quarter. Fidelity Enhanced Mid Cap ETF makes up 4.2% of KFG Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. KFG Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $32,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 232.3% during the 4th quarter. Park Avenue Securities LLC now owns 95,201 shares of the company’s stock worth $3,463,000 after acquiring an additional 66,555 shares in the last quarter. Cassilly Financial Group LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $2,141,000. Level Four Advisory Services LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at $3,970,000. Savvy Advisors Inc. increased its position in Fidelity Enhanced Mid Cap ETF by 113.7% in the fourth quarter. Savvy Advisors Inc. now owns 41,775 shares of the company’s stock worth $1,520,000 after purchasing an additional 22,222 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Fidelity Enhanced Mid Cap ETF by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 255,162 shares of the company’s stock worth $9,224,000 after purchasing an additional 23,896 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 0.5%

Fidelity Enhanced Mid Cap ETF stock opened at $40.11 on Thursday. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. The firm’s fifty day moving average is $39.09 and its 200 day moving average is $37.69. Fidelity Enhanced Mid Cap ETF has a 52-week low of $33.70 and a 52-week high of $40.84.

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.