Redhawk Wealth Advisors Inc. Invests $13.33 Million in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

Redhawk Wealth Advisors Inc. bought a new stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 405,829 shares of the company’s stock, valued at approximately $13,331,000. Fidelity Enhanced Mid Cap ETF comprises about 1.8% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Redhawk Wealth Advisors Inc. owned about 0.71% of Fidelity Enhanced Mid Cap ETF at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in 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 acquiring an additional 1,663 shares during the period. Peoples Bank KS acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $30,000. LongView Wealth Management boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 6.9% in the third quarter. LongView Wealth Management now owns 73,044 shares of the company’s stock valued at $2,349,000 after purchasing an additional 4,727 shares during the period. FMA Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at approximately $2,807,000. Finally, Lynch & Associates IN grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 35.4% in the third quarter. Lynch & Associates IN now owns 15,305 shares of the company’s stock valued at $492,000 after purchasing an additional 4,001 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 1.4 %

Fidelity Enhanced Mid Cap ETF stock opened at $33.65 on Thursday. Fidelity Enhanced Mid Cap ETF has a 52-week low of $26.69 and a 52-week high of $35.44. The firm has a market cap of $1.92 billion, a PE ratio of 19.53 and a beta of 0.93. The company’s 50 day moving average is $34.00 and its two-hundred day moving average is $32.08.

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.