Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 52-Week High – Still a Buy?

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $39.47 and last traded at $39.46, with a volume of 25154 shares trading hands. The stock had previously closed at $39.19.

Fidelity Enhanced Mid Cap ETF Stock Performance

The company has a market capitalization of $6.68 billion, a PE ratio of 20.20 and a beta of 0.96. The stock’s 50 day moving average is $37.66 and its 200 day moving average is $37.10.

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 during the 4th quarter worth approximately $30,000. AE Wealth Management LLC increased its holdings in 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 worth $37,000 after acquiring an additional 886 shares during the period. Cornerstone Planning Group LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 70.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after acquiring an additional 454 shares during the period. Quattro Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $43,000. Finally, Clear Investment Research LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 209.6% during the 3rd quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock worth $47,000 after acquiring an additional 872 shares during the period.

Fidelity Enhanced Mid Cap ETF Company Profile

(Get Free Report)

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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