Sound Portfolio Advisors LLC Buys New Shares in Fidelity Enhanced Mid Cap ETF $FMDE

Sound Portfolio Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 122,195 shares of the company’s stock, valued at approximately $4,445,000. Fidelity Enhanced Mid Cap ETF accounts for 3.7% of Sound Portfolio Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Sound Portfolio Advisors LLC owned about 0.09% of Fidelity Enhanced Mid Cap ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMDE. Royal Bank of Canada boosted its holdings 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 valued at $1,863,000 after purchasing an additional 52,669 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 valued at $79,741,000 after purchasing an additional 2,524,924 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $7,959,000 after purchasing an additional 12,728 shares during the period. Main Street Financial Solutions LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter valued at $205,000. Finally, Betterment LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter valued at $387,000.

Fidelity Enhanced Mid Cap ETF Price Performance

Fidelity Enhanced Mid Cap ETF stock opened at $38.37 on Friday. Fidelity Enhanced Mid Cap ETF has a 1-year low of $32.50 and a 1-year high of $39.39. The stock has a market cap of $6.47 billion, a PE ratio of 20.20 and a beta of 0.96. The stock’s fifty day moving average is $37.26 and its two-hundred day moving average is $36.91.

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.