Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sets New 1-Year High – Should You Buy?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) reached a new 52-week high on Tuesday . The company traded as high as $39.47 and last traded at $39.46, with a volume of 25154 shares. The stock had previously closed at $39.19.

Fidelity Enhanced Mid Cap ETF Trading Up 0.9%

The company’s 50-day simple moving average is $37.51 and its 200-day simple moving average is $37.05. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.20 and a beta of 0.96.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $30,000. AE Wealth Management LLC boosted its holdings in Fidelity Enhanced Mid Cap ETF by 632.9% in the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after acquiring an additional 886 shares during the last quarter. Cornerstone Planning Group LLC boosted 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 acquiring an additional 454 shares during the last quarter. Quattro Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $43,000. Finally, Clear Investment Research LLC boosted 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 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.