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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)’s share price reached a new 52-week high on Tuesday . The company traded as high as $41.40 and last traded at $41.40, with a volume of 189 shares. The stock had previously closed at $40.60.

Fidelity Enhanced Mid Cap ETF Stock Performance

The stock has a market capitalization of $7.40 billion, a PE ratio of 20.20 and a beta of 0.91. The business’s 50-day moving average price is $39.45 and its 200 day moving average price is $37.91.

Institutional Inflows and Outflows

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