Private Advisor Group LLC Invests $1.69 Million in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Private Advisor Group LLC bought a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 51,544 shares of the company’s stock, valued at approximately $1,693,000.

Several other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $70,000. Prospera Financial Services Inc purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 3rd quarter valued at $215,000. Benin Management CORP purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $330,000. Geneva Partners LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $382,000. Finally, Truist Financial Corp boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 5.3% in the 4th quarter. Truist Financial Corp now owns 16,525 shares of the company’s stock worth $543,000 after buying an additional 832 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 0.3 %

NYSEARCA:FMDE opened at $33.20 on Thursday. The business’s 50-day simple moving average is $33.74 and its two-hundred day simple moving average is $33.00. The stock has a market cap of $1.89 billion, a PE ratio of 19.53 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a 52 week low of $28.21 and a 52 week high of $35.44.

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.