Flynn Zito Capital Management LLC Invests $2.21 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Flynn Zito Capital Management LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the first quarter, HoldingsChannel.com reports. The fund acquired 61,316 shares of the company’s stock, valued at approximately $2,205,000.

Several other large investors also recently modified their holdings of FMDE. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $30,000. Quattro Advisors LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $43,000. Root Financial Partners LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the 1st quarter worth about $54,000. Advisory Services Network LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth about $75,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after acquiring an additional 331 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of NYSEARCA:FMDE opened at $40.57 on Wednesday. Fidelity Enhanced Mid Cap ETF has a 1 year low of $33.92 and a 1 year high of $40.86. The business’s 50-day moving average is $39.71 and its 200-day moving average is $38.07. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91.

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.