NewEdge Advisors LLC Has $327,000 Stock Position in Fidelity Enhanced Mid Cap ETF $FMDE

NewEdge Advisors LLC lowered its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 85.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,100 shares of the company’s stock after selling 54,859 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $327,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FMDE. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at about $30,000. Cornerstone Planning Group LLC increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after acquiring an additional 454 shares in the last quarter. Quattro Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter worth about $43,000. Root Financial Partners LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $54,000. Finally, Advisory Services Network LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 3rd quarter valued at about $75,000.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA:FMDE opened at $42.17 on Wednesday. The business’s 50-day simple moving average is $40.32 and its 200-day simple moving average is $38.47. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.25. The stock has a market capitalization of $7.97 billion, a PE ratio of 20.20 and a beta of 0.91.

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.