Fidelity Enhanced Mid Cap ETF $FMDE Shares Newly Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. purchased a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 338,407 shares of the company’s stock, valued at approximately $13,665,000. Fidelity Enhanced Mid Cap ETF makes up about 1.5% of Valley National Advisers Inc.’s holdings, making the stock its 15th biggest holding. Valley National Advisers Inc. owned approximately 0.17% 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 modified their holdings of FMDE. Pension & Wealth Management Advisors Inc. boosted its position in Fidelity Enhanced Mid Cap ETF by 33.8% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,101 shares of the company’s stock worth $44,000 after acquiring an additional 278 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after acquiring an additional 454 shares during the period. Root Financial Partners LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter worth approximately $54,000. Processus Wealth & Capital Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at $204,000. Finally, Mayflower Financial Advisors LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at $224,000.

Fidelity Enhanced Mid Cap ETF Stock Down 0.3%

Shares of Fidelity Enhanced Mid Cap ETF stock opened at $41.42 on Friday. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97. The firm has a market cap of $8.47 billion, a PE ratio of 20.20 and a beta of 0.93. The business’s fifty day moving average is $41.47 and its two-hundred day moving average is $40.35.

Fidelity Enhanced Mid Cap ETF Company 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.