Fidelity Enhanced Mid Cap ETF $FMDE Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC trimmed its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 48.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,493 shares of the company’s stock after selling 255,134 shares during the period. Fidelity Enhanced Mid Cap ETF comprises about 3.5% of Armor Investment Advisors LLC’s investment portfolio, making the stock its 8th largest position. Armor Investment Advisors LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $9,799,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $30,000. Quattro Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Root Financial Partners LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at $54,000. Advisory Services Network LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at $75,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after purchasing an additional 331 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Down 0.5%

FMDE stock opened at $40.38 on Wednesday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 52-week low of $33.92 and a 52-week high of $40.86. The stock’s fifty day simple moving average is $39.49 and its 200-day simple moving average is $37.94.

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.