KFG Wealth Management LLC Buys 95,568 Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

KFG Wealth Management LLC increased its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 29.1% during the fourth quarter, Holdings Channel reports. The firm owned 423,550 shares of the company’s stock after acquiring an additional 95,568 shares during the period. Fidelity Enhanced Mid Cap ETF makes up approximately 2.6% of KFG Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. KFG Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $13,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMDE. Certified Advisory Corp raised its position in Fidelity Enhanced Mid Cap ETF by 2.3% during the third quarter. Certified Advisory Corp now owns 29,309 shares of the company’s stock valued at $943,000 after purchasing an additional 661 shares in the last quarter. Peoples Bank KS purchased a new position in Fidelity Enhanced Mid Cap ETF in the third quarter valued at about $30,000. Truist Financial Corp raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 12.6% during the 2nd quarter. Truist Financial Corp now owns 14,901 shares of the company’s stock valued at $439,000 after purchasing an additional 1,663 shares during the period. Lynch & Associates IN lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 13.3% during the 4th quarter. Lynch & Associates IN now owns 17,345 shares of the company’s stock worth $570,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter worth approximately $70,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

FMDE stock opened at $34.53 on Friday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 19.53 and a beta of 0.93. The business’s 50-day moving average is $34.01 and its two-hundred day moving average is $32.33. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $27.18 and a fifty-two week high of $35.44.

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.