281,464 Shares in Fidelity Enhanced Mid Cap ETF $FMDE Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. bought a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the second quarter, HoldingsChannel reports. The fund bought 281,464 shares of the company’s stock, valued at approximately $11,422,000. Fidelity Enhanced Mid Cap ETF accounts for approximately 1.1% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Portfolio Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $4,445,000. Investment Advisory Services Inc. TX ADV increased its position in shares of Fidelity Enhanced Mid Cap ETF by 70.6% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 74,407 shares of the company’s stock valued at $2,676,000 after acquiring an additional 30,786 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at about $3,244,000. Bleakley Financial Group LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the first quarter worth about $769,000. Finally, UBS Group AG boosted its position in Fidelity Enhanced Mid Cap ETF by 429.0% during the fourth quarter. UBS Group AG now owns 233,039 shares of the company’s stock valued at $8,478,000 after purchasing an additional 188,990 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 0.2%

FMDE stock opened at $42.37 on Tuesday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a twelve month low of $34.33 and a twelve month high of $42.50. The business has a 50 day moving average price of $40.52 and a two-hundred day moving average price of $38.60.

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.