Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Hits New 52-Week High – Here’s What Happened

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.57 and last traded at $42.53, with a volume of 55477 shares trading hands. The stock had previously closed at $42.37.

Fidelity Enhanced Mid Cap ETF Stock Up 0.3%

The stock has a fifty day simple moving average of $40.52 and a 200-day simple moving average of $38.60. The stock has a market cap of $8.04 billion, a P/E ratio of 20.20 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $43,000. Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at about $54,000. Finally, Advisory Services Network LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $75,000.

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.