Raymond James Financial Inc. Acquires New Shares in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Raymond James Financial Inc. acquired a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 251,538 shares of the company’s stock, valued at approximately $8,263,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at approximately $4,296,000. Noble Wealth Management PBC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $3,069,000. Veridan Wealth LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $210,000. TBH Global Asset Management LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 12.3% during the 4th quarter. TBH Global Asset Management LLC now owns 31,563 shares of the company’s stock valued at $1,095,000 after buying an additional 3,456 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at $1,693,000.

Fidelity Enhanced Mid Cap ETF Trading Down 0.7 %

Shares of FMDE opened at $31.69 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 19.79 and a beta of 0.93. The firm has a fifty day simple moving average of $33.32 and a two-hundred day simple moving average of $33.13. Fidelity Enhanced Mid Cap ETF has a 1-year low of $28.21 and a 1-year high of $35.44.

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.