McNamara Financial Services Inc. Buys New Stake in Fidelity Enhanced Mid Cap ETF $FMDE

McNamara Financial Services Inc. bought a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 769,214 shares of the company’s stock, valued at approximately $27,984,000. Fidelity Enhanced Mid Cap ETF makes up approximately 5.3% of McNamara Financial Services Inc.’s portfolio, making the stock its 7th largest position. McNamara Financial Services Inc. owned 0.58% of Fidelity Enhanced Mid Cap ETF at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in 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 acquiring an additional 886 shares in the last quarter. Clear Investment Research LLC grew its stake in Fidelity Enhanced Mid Cap ETF by 209.6% during the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock valued at $47,000 after acquiring an additional 872 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Fidelity Enhanced Mid Cap ETF by 4,160.9% during the third quarter. Farther Finance Advisors LLC now owns 1,960 shares of the company’s stock valued at $71,000 after acquiring an additional 1,914 shares in the last quarter. Advisory Services Network LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the third quarter valued at $75,000. Finally, Geneos Wealth Management Inc. grew its stake in Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after acquiring an additional 331 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE opened at $37.47 on Thursday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 20.20 and a beta of 1.05. The company has a fifty day moving average of $36.84 and a 200 day moving average of $36.49. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $27.29 and a fifty-two week high of $38.26.

Fidelity Enhanced Mid Cap ETF 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.