IFP Advisors Inc Buys 28,009 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

IFP Advisors Inc increased its stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 919.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,055 shares of the company’s stock after purchasing an additional 28,009 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity Enhanced Mid Cap ETF were worth $1,130,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AE Wealth Management LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 632.9% during the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 886 shares during the last quarter. Clear Investment Research LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 209.6% during the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock valued at $47,000 after purchasing an additional 872 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter valued at approximately $75,000. Geneos Wealth Management Inc. grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the second 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 during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter valued at approximately $98,000.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE opened at $39.19 on Friday. Fidelity Enhanced Mid Cap ETF has a one year low of $32.50 and a one year high of $39.39. The company’s 50 day simple moving average is $37.45 and its 200-day simple moving average is $37.01. The stock has a market capitalization of $6.61 billion, a P/E ratio of 20.20 and a beta of 0.96.

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.