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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.92 and last traded at $37.7260, with a volume of 58077 shares changing hands. The stock had previously closed at $37.51.

Fidelity Enhanced Mid Cap ETF Stock Performance

The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The stock’s fifty day moving average is $36.52 and its two-hundred day moving average is $35.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at approximately $31,000. AE Wealth Management LLC boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 632.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 886 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth approximately $42,000. Atlantic Union Bankshares Corp bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the second quarter worth $44,000. Finally, Clear Investment Research LLC raised its holdings in 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 acquiring an additional 872 shares in the last quarter.

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.