Koshinski Asset Management Inc. Takes Position in Fidelity Enhanced Mid Cap ETF $FMDE

Koshinski Asset Management Inc. acquired a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,739 shares of the company’s stock, valued at approximately $494,000.

Other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at about $30,000. Quattro Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter worth about $43,000. Root Financial Partners LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the first quarter worth about $54,000. Advisory Services Network LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $75,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after purchasing an additional 331 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE opened at $40.38 on Wednesday. The firm’s 50 day moving average is $39.49 and its 200-day moving average is $37.94. The stock has a market capitalization of $7.36 billion, a P/E ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 12-month low of $33.92 and a 12-month high of $40.86.

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.