Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 1-Year High – Here’s What Happened

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) hit a new 52-week high during trading on Monday . The stock traded as high as $37.21 and last traded at $37.1830, with a volume of 839913 shares changing hands. The stock had previously closed at $36.63.

Fidelity Enhanced Mid Cap ETF Stock Up 1.2%

The stock has a market cap of $4.70 billion, a P/E ratio of 20.20 and a beta of 1.13. The firm’s 50-day moving average is $36.09 and its two-hundred day moving average is $35.60.

Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Enhanced Mid Cap ETF by 201.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock worth $251,609,000 after purchasing an additional 4,647,932 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after buying an additional 2,524,924 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after acquiring an additional 1,999,003 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 114.4% during the 3rd quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock valued at $76,335,000 after acquiring an additional 1,126,665 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 129.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,482,448 shares of the company’s stock valued at $53,590,000 after acquiring an additional 836,827 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.