Traynor Capital Management Inc. Reduces Stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Traynor Capital Management Inc. lessened its holdings in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 68.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,266 shares of the company’s stock after selling 35,314 shares during the period. Traynor Capital Management Inc.’s holdings in Fidelity Enhanced Mid Cap ETF were worth $497,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. AdvisorNet Financial Inc raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 5.4% during the first quarter. AdvisorNet Financial Inc now owns 7,857 shares of the company’s stock valued at $240,000 after acquiring an additional 405 shares in the last quarter. Investors Research Corp bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at approximately $25,000. CWM LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the first quarter valued at approximately $37,000. Allworth Financial LP bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at approximately $33,000. Finally, UMB Bank n.a. bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at approximately $38,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Fidelity Enhanced Mid Cap ETF stock opened at $29.61 on Tuesday. The company has a market capitalization of $1.69 billion, a PE ratio of 19.53 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $24.82 and a fifty-two week high of $30.63. The company has a 50 day moving average price of $29.47 and a 200-day moving average price of $28.76.

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.