Summit Wealth Group LLC Co. Invests $3.10 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Summit Wealth Group LLC Co. acquired a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 85,259 shares of the company’s stock, valued at approximately $3,102,000. Summit Wealth Group LLC Co. owned 0.06% of Fidelity Enhanced Mid Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in FMDE. Geneos Wealth Management Inc. increased its stake in Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after acquiring an additional 331 shares during the period. Geneva Partners LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 2.5% during the third quarter. Geneva Partners LLC now owns 15,703 shares of the company’s stock valued at $568,000 after acquiring an additional 381 shares during the period. Certified Advisory Corp increased its stake in Fidelity Enhanced Mid Cap ETF by 1.0% during the third quarter. Certified Advisory Corp now owns 38,431 shares of the company’s stock valued at $1,389,000 after acquiring an additional 390 shares during the period. Evergreen Private Wealth LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 1.9% during the fourth quarter. Evergreen Private Wealth LLC now owns 28,986 shares of the company’s stock valued at $1,055,000 after acquiring an additional 544 shares during the period. Finally, Creative Planning increased its stake in Fidelity Enhanced Mid Cap ETF by 3.7% during the third quarter. Creative Planning now owns 18,243 shares of the company’s stock valued at $660,000 after acquiring an additional 655 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Down 0.4%

Shares of FMDE opened at $38.70 on Wednesday. Fidelity Enhanced Mid Cap ETF has a 12-month low of $32.50 and a 12-month high of $39.39. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.20 and a beta of 0.96. The stock’s 50-day moving average price is $37.21 and its 200 day moving average price is $36.87.

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.