338,407 Shares of Fidelity Enhanced Mid Cap ETF $FMDE Acquired by Valley National Advisers Inc.

Valley National Advisers Inc. acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 338,407 shares of the company’s stock, valued at approximately $13,665,000. Fidelity Enhanced Mid Cap ETF comprises about 1.5% of Valley National Advisers Inc.’s holdings, making the stock its 15th biggest position.

Other large investors have also modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the second quarter worth approximately $118,748,000. Cetera Investment Advisers increased its position in Fidelity Enhanced Mid Cap ETF by 24.3% during the first quarter. Cetera Investment Advisers now owns 2,043,214 shares of the company’s stock worth $73,474,000 after purchasing an additional 398,833 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity Enhanced Mid Cap ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,983,161 shares of the company’s stock worth $80,477,000 after purchasing an additional 171,715 shares during the last quarter. Kestra Advisory Services LLC increased its position in Fidelity Enhanced Mid Cap ETF by 24.7% during the first quarter. Kestra Advisory Services LLC now owns 1,901,836 shares of the company’s stock worth $68,390,000 after purchasing an additional 376,601 shares during the last quarter. Finally, Capital Analysts LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 1.3% during the second quarter. Capital Analysts LLC now owns 1,862,959 shares of the company’s stock worth $75,598,000 after purchasing an additional 23,483 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Down 0.3%

NYSEARCA:FMDE opened at $41.42 on Friday. The company has a market cap of $8.47 billion, a P/E ratio of 20.20 and a beta of 0.93. The firm’s 50 day moving average is $41.47 and its two-hundred day moving average is $40.35. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97.

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.