Adamsbrown Wealth Consultants LLC Takes Position in Fidelity Enhanced Mid Cap ETF $FMDE

Adamsbrown Wealth Consultants LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 504,647 shares of the company’s stock, valued at approximately $18,243,000. Fidelity Enhanced Mid Cap ETF comprises about 5.0% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after acquiring an additional 2,524,924 shares in the last quarter. Huntington National Bank raised its position in shares of Fidelity Enhanced Mid Cap ETF by 3.6% during the 2nd quarter. Huntington National Bank now owns 2,409,183 shares of the company’s stock valued at $82,911,000 after buying an additional 84,549 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 107.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,312,210 shares of the company’s stock valued at $79,574,000 after acquiring an additional 1,196,174 shares during the last quarter. Osaic Holdings Inc. grew its position in Fidelity Enhanced Mid Cap ETF by 9.1% in the second quarter. Osaic Holdings Inc. now owns 1,680,001 shares of the company’s stock worth $57,825,000 after acquiring an additional 139,859 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Fidelity Enhanced Mid Cap ETF by 10.1% in the third quarter. Commonwealth Equity Services LLC now owns 1,396,195 shares of the company’s stock worth $50,472,000 after acquiring an additional 128,527 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of Fidelity Enhanced Mid Cap ETF stock opened at $37.46 on Wednesday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The stock has a 50 day moving average price of $36.70 and a 200-day moving average price of $35.98. Fidelity Enhanced Mid Cap ETF has a one year low of $26.93 and a one year high of $37.92.

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.