Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 12-Month High – What’s Next?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $38.44 and last traded at $38.30, with a volume of 25136 shares. The stock had previously closed at $37.92.

Fidelity Enhanced Mid Cap ETF Stock Performance

The company has a market cap of $6.39 billion, a P/E ratio of 20.20 and a beta of 1.05. The company has a fifty day moving average price of $36.94 and a two-hundred day moving average price of $36.57.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several hedge funds have recently modified their holdings of FMDE. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at about $30,000. AE Wealth Management LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 632.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 886 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $43,000. Clear Investment Research LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 209.6% in the 3rd quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock valued at $47,000 after buying an additional 872 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Fidelity Enhanced Mid Cap ETF by 4,160.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,960 shares of the company’s stock valued at $71,000 after buying an additional 1,914 shares in the last quarter.

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.