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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $38.14 and last traded at $38.03, with a volume of 28861 shares. The stock had previously closed at $37.92.

Fidelity Enhanced Mid Cap ETF Trading Up 0.2%

The firm has a fifty day moving average of $37.23 and a two-hundred day moving average of $36.34. The company has a market capitalization of $5.21 billion, a PE ratio of 20.20 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FMDE. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Enhanced Mid Cap ETF by 170.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock worth $685,032,000 after acquiring an additional 11,869,760 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 28.3% during the fourth quarter. LPL Financial LLC now owns 4,947,566 shares of the company’s stock worth $179,992,000 after purchasing an additional 1,090,826 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 90.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock worth $124,883,000 after purchasing an additional 1,627,937 shares during the period. Huntington National Bank grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 6.4% in the fourth quarter. Huntington National Bank now owns 2,878,740 shares of the company’s stock worth $104,729,000 after purchasing an additional 173,185 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 12,968.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock valued at $79,741,000 after purchasing an additional 2,524,924 shares during the period.

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.