Traynor Capital Management Inc. Sells 35,314 Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

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

Several other hedge funds also recently modified their holdings of the business. Evanson Asset Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $573,000. Global Retirement Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $162,000. AdvisorNet Financial Inc acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $203,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $50,000. Finally, UMB Bank n.a. acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at $38,000.

Fidelity Enhanced Mid Cap ETF Trading Up 0.3 %

Shares of NYSEARCA FMDE opened at $29.61 on Tuesday. The business has a fifty day simple moving average of $29.47 and a 200 day simple moving average of $28.76. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.53 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a one year low of $24.82 and a one year high of $30.63.

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.