Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sets New 1-Year High – What’s Next?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $40.86 and last traded at $40.51, with a volume of 261791 shares trading hands. The stock had previously closed at $40.11.

Fidelity Enhanced Mid Cap ETF Stock Up 0.9%

The stock has a fifty day moving average of $39.09 and a two-hundred day moving average of $37.69. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

A number of large investors have recently made changes to their positions in FMDE. Geneos Wealth Management Inc. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 15.6% in the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after purchasing an additional 331 shares during the period. Geneva Partners LLC grew its position in Fidelity Enhanced Mid Cap ETF by 2.5% during the third quarter. Geneva Partners LLC now owns 15,703 shares of the company’s stock worth $568,000 after buying an additional 381 shares during the period. Certified Advisory Corp increased its holdings in Fidelity Enhanced Mid Cap ETF by 1.0% in the third quarter. Certified Advisory Corp now owns 38,431 shares of the company’s stock valued at $1,389,000 after buying an additional 390 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 70.1% in the first 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. Finally, Evergreen Private Wealth LLC lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 1.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 28,986 shares of the company’s stock valued at $1,055,000 after acquiring an additional 544 shares during the period.

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.