Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $41.46 and traded as high as $41.79. Fidelity Enhanced Mid Cap ETF shares last traded at $41.69, with a volume of 796,407 shares traded.
Fidelity Enhanced Mid Cap ETF Stock Performance
The firm’s 50-day simple moving average is $41.46 and its 200 day simple moving average is $39.34. The company has a market cap of $8.53 billion, a P/E ratio of 20.20 and a beta of 0.93.
Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF
Several institutional investors have recently modified their holdings of the business. Pension & Wealth Management Advisors Inc. lifted its stake in Fidelity Enhanced Mid Cap ETF by 33.8% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,101 shares of the company’s stock valued at $44,000 after buying an additional 278 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after buying an additional 454 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth about $54,000. Processus Wealth & Capital Management LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $204,000. Finally, National Wealth Management Group LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $210,000.
About Fidelity Enhanced Mid Cap ETF
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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