Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Hits New 12-Month High – Should You Buy?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.86 and last traded at $40.51, with a volume of 261791 shares trading hands. The stock had previously closed at $40.11.

Fidelity Enhanced Mid Cap ETF Stock Down 0.5%

The firm has a 50 day moving average price of $39.20 and a 200 day moving average price of $37.74. The stock has a market cap of $6.81 billion, a PE ratio of 20.20 and a beta of 0.94.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several large investors have recently bought and sold shares of FMDE. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 70.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after buying an additional 454 shares in the last quarter. Quattro Advisors LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at $43,000. Root Financial Partners LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at about $54,000. Finally, Advisory Services Network LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth approximately $75,000.

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.