Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Free Report) by 170.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,829,902 shares of the company’s stock after buying an additional 11,869,760 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.14% of Fidelity Enhanced Mid Cap ETF worth $685,032,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in FMDE. Royal Bank of Canada grew its position in shares of Fidelity Enhanced Mid Cap ETF by 777.6% in the 1st quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after buying an additional 52,669 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock valued at $79,741,000 after buying an additional 2,524,924 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fidelity Enhanced Mid Cap ETF by 5.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock valued at $7,959,000 after buying an additional 12,728 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at about $205,000. Finally, Betterment LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at about $387,000.
Fidelity Enhanced Mid Cap ETF Trading Down 1.4%
NYSEARCA FMDE opened at $38.37 on Friday. The business’s 50-day moving average price is $37.26 and its two-hundred day moving average price is $36.91. Fidelity Enhanced Mid Cap ETF has a 12 month low of $32.50 and a 12 month high of $39.39. The firm has a market capitalization of $6.47 billion, a PE ratio of 20.20 and a beta of 0.96.
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.
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