Salomon & Ludwin LLC Invests $46,000 in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Salomon & Ludwin LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,520 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $8,915,000. Commonwealth Equity Services LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 4.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 303,294 shares of the company’s stock worth $9,263,000 after acquiring an additional 13,493 shares during the last quarter. Lincoln National Corp boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 0.7% in the 1st quarter. Lincoln National Corp now owns 166,600 shares of the company’s stock worth $5,088,000 after purchasing an additional 1,195 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 2.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 127,597 shares of the company’s stock worth $3,897,000 after purchasing an additional 3,497 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $1,585,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of Fidelity Enhanced Mid Cap ETF stock opened at $29.22 on Wednesday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 19.53 and a beta of 0.93. The stock has a 50 day moving average price of $29.55 and a 200-day moving average price of $28.94. Fidelity Enhanced Mid Cap ETF has a one year low of $24.82 and a one year high of $30.63.

Fidelity Enhanced Mid Cap ETF Company 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.