Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) reached a new 52-week high during 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 Performance
The company has a fifty day moving average price of $40.52 and a two-hundred day moving average price of $38.60. The company 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
A number of hedge funds and other institutional investors have recently modified their holdings of FMDE. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC grew its holdings in 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 buying an additional 454 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at about $43,000. Root Financial Partners LLC bought a new position in Fidelity Enhanced Mid Cap ETF during the first quarter worth about $54,000. Finally, Advisory Services Network LLC bought a new position in 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.
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