Essex Financial Services Inc. Makes New Investment in Fidelity Enhanced Mid Cap ETF $FMDE

Essex Financial Services Inc. acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the third quarter, Holdings Channel.com reports. The firm acquired 17,483 shares of the company’s stock, valued at approximately $632,000.

A number of other institutional investors have also added to or reduced their stakes in FMDE. CWM LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the second quarter valued at about $31,000. AE Wealth Management LLC increased its position 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 period. Holos Integrated Wealth LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the second quarter valued at $42,000. Atlantic Union Bankshares Corp acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the second quarter valued at $44,000. Finally, Clear Investment Research LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 209.6% in the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock worth $47,000 after purchasing an additional 872 shares during the period.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE opened at $37.63 on Friday. The company has a market capitalization of $5.16 billion, a P/E ratio of 20.20 and a beta of 1.13. The firm’s fifty day moving average price is $37.13 and its two-hundred day moving average price is $36.25. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $26.93 and a fifty-two week high of $38.01.

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.