Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Hits New 1-Year High – Here’s What Happened

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $40.81 and last traded at $40.72, with a volume of 38502 shares. The stock had previously closed at $40.14.

Fidelity Enhanced Mid Cap ETF Stock Performance

The business’s 50-day moving average is $38.58 and its two-hundred day moving average is $37.47. The stock has a market capitalization of $6.86 billion, a PE ratio of 20.20 and a beta of 0.94.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of 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 stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at approximately $43,000. Clear Investment Research LLC boosted its stake 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. Finally, Root Financial Partners LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at approximately $54,000.

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.