Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report)’s stock price reached a new 52-week high during mid-day 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 company has a market capitalization of $6.86 billion, a PE ratio of 20.20 and a beta of 0.94. The firm’s 50-day simple moving average is $38.58 and its 200 day simple moving average is $37.47.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FMDE. NewEdge Advisors LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 33.2% in the 1st quarter. NewEdge Advisors LLC now owns 85,205 shares of the company’s stock valued at $3,064,000 after purchasing an additional 21,246 shares in the last quarter. Serenity Investment Advisors acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth $11,211,000. Summit Financial Wealth Advisors LLC boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 2.3% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 551,758 shares of the company’s stock worth $19,841,000 after buying an additional 12,261 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $2,890,000. Finally, Bank of America Corp DE grew its stake in Fidelity Enhanced Mid Cap ETF by 28.9% in the 1st quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock valued at $22,710,000 after acquiring an additional 141,475 shares during the last quarter.
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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