Summit Wealth Group LLC Co. Acquires Shares of 85,259 Fidelity Enhanced Mid Cap ETF $FMDE

Summit Wealth Group LLC Co. bought a new position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the 4th quarter, Holdings Channel reports. The firm bought 85,259 shares of the company’s stock, valued at approximately $3,102,000.

Several other institutional investors and hedge funds have also modified their holdings of FMDE. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 201.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock worth $251,609,000 after acquiring an additional 4,647,932 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in 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. Ameriprise Financial Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after acquiring an additional 1,999,003 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 114.4% in the 3rd quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock worth $76,335,000 after acquiring an additional 1,126,665 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 129.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,482,448 shares of the company’s stock worth $53,590,000 after acquiring an additional 836,827 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE opened at $38.70 on Wednesday. The company has a market capitalization of $6.53 billion, a P/E ratio of 20.20 and a beta of 0.96. Fidelity Enhanced Mid Cap ETF has a one year low of $32.50 and a one year high of $39.39. The business’s 50 day simple moving average is $37.21 and its 200-day simple moving average is $36.87.

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.