Transcend Capital Advisors LLC Makes New $259,000 Investment in Fidelity Enhanced Mid Cap ETF $FMDE

Transcend Capital Advisors LLC bought a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,521 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors have also added to or reduced their stakes in FMDE. Williams & Novak LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth about $223,000. Private Advisor Group LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 52.4% during the first quarter. Private Advisor Group LLC now owns 78,554 shares of the company’s stock worth $2,462,000 after acquiring an additional 27,010 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $5,513,000. Smithfield Trust Co grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 30.0% during the first quarter. Smithfield Trust Co now owns 7,215 shares of the company’s stock worth $226,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 3.7% during the first quarter. Belpointe Asset Management LLC now owns 31,500 shares of the company’s stock worth $987,000 after acquiring an additional 1,116 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of FMDE stock opened at $35.44 on Friday. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $26.93 and a fifty-two week high of $36.60. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The stock’s 50-day simple moving average is $35.96 and its 200-day simple moving average is $34.36.

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.