Clearwave Capital LLC Invests $1.87 Million in Fidelity Enhanced Mid Cap ETF $FMDE

Clearwave Capital LLC purchased a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,309 shares of the company’s stock, valued at approximately $1,867,000. Fidelity Enhanced Mid Cap ETF accounts for about 1.4% of Clearwave Capital LLC’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in Fidelity Enhanced Mid Cap ETF by 777.6% in the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock worth $1,863,000 after buying an additional 52,669 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 valued at $79,741,000 after buying an additional 2,524,924 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 5.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock worth $7,959,000 after acquiring an additional 12,728 shares during the period. Main Street Financial Solutions LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth $205,000. Finally, Betterment LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 2nd quarter worth about $387,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of Fidelity Enhanced Mid Cap ETF stock opened at $40.11 on Friday. Fidelity Enhanced Mid Cap ETF has a 52-week low of $33.12 and a 52-week high of $40.84. The stock’s 50-day simple moving average is $38.93 and its 200 day simple moving average is $37.60. The stock has a market capitalization of $6.77 billion, a P/E ratio of 20.20 and a beta of 0.94.

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.