LPL Financial LLC Buys 1,090,826 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

LPL Financial LLC lifted its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 28.3% during the fourth quarter, HoldingsChannel reports. The firm owned 4,947,566 shares of the company’s stock after purchasing an additional 1,090,826 shares during the period. LPL Financial LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $179,992,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FMDE. Royal Bank of Canada lifted its stake in Fidelity Enhanced Mid Cap ETF by 777.6% in the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock worth $1,863,000 after acquiring an additional 52,669 shares during the period. Goldman Sachs Group Inc. lifted its stake in Fidelity Enhanced Mid Cap ETF by 12,968.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after acquiring an additional 2,524,924 shares during the period. JPMorgan Chase & Co. lifted its stake in Fidelity Enhanced Mid Cap ETF by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock worth $7,959,000 after acquiring an additional 12,728 shares during the period. Main Street Financial Solutions LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter worth about $205,000. Finally, Betterment LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at about $387,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of FMDE opened at $39.46 on Wednesday. The company has a 50 day moving average price of $38.35 and a 200-day moving average price of $37.37. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $33.12 and a fifty-two week high of $40.24. The stock has a market capitalization of $6.66 billion, a PE ratio of 20.20 and a beta of 0.94.

About Fidelity Enhanced Mid Cap ETF

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.