Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 52-Week High – What’s Next?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares hit a new 52-week high on Monday . The company traded as high as $41.02 and last traded at $40.94, with a volume of 51702 shares. The stock had previously closed at $40.57.

Fidelity Enhanced Mid Cap ETF Trading Up 0.2%

The company has a market cap of $7.57 billion, a P/E ratio of 20.20 and a beta of 0.91. The company’s fifty day moving average is $39.98 and its 200 day moving average is $38.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 170.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after acquiring an additional 11,869,760 shares during the last quarter. LPL Financial LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 28.3% in the fourth quarter. LPL Financial LLC now owns 4,947,566 shares of the company’s stock valued at $179,992,000 after purchasing an additional 1,090,826 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 90.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock valued at $124,883,000 after purchasing an additional 1,627,937 shares during the period. Huntington National Bank grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 6.4% in the fourth quarter. Huntington National Bank now owns 2,878,740 shares of the company’s stock worth $104,729,000 after purchasing an additional 173,185 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 2,524,924 shares during 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.