Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Hits New 1-Year High – Time to Buy?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $37.92 and last traded at $37.7260, with a volume of 58077 shares traded. The stock had previously closed at $37.51.

Fidelity Enhanced Mid Cap ETF Stock Performance

The stock’s fifty day moving average price is $36.60 and its 200-day moving average price is $35.92. The firm has a market cap of $4.98 billion, a PE ratio of 20.20 and a beta of 1.13.

Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FMDE. CWM LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at approximately $31,000. AE Wealth Management LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 632.9% in the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 886 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the second quarter valued at $42,000. Atlantic Union Bankshares Corp purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the second quarter valued at $44,000. Finally, Clear Investment Research LLC increased its position in shares of Fidelity Enhanced Mid Cap ETF by 209.6% in the third 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 in the last quarter.

Fidelity Enhanced Mid Cap ETF Company Profile

(Get Free Report)

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.

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