Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 12-Month High – What’s Next?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $40.81 and last traded at $40.72, with a volume of 38502 shares traded. The stock had previously closed at $40.14.

Fidelity Enhanced Mid Cap ETF Stock Down 0.5%

The company has a market cap of $6.81 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. The firm has a 50-day simple moving average of $38.74 and a 200 day simple moving average of $37.53.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in Fidelity Enhanced Mid Cap ETF by 232.3% during the fourth quarter. Park Avenue Securities LLC now owns 95,201 shares of the company’s stock worth $3,463,000 after buying an additional 66,555 shares during the period. Essex Financial Services Inc. acquired a new position in Fidelity Enhanced Mid Cap ETF during the third quarter worth approximately $632,000. Cassilly Financial Group LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $2,141,000. Level Four Advisory Services LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at approximately $3,970,000. Finally, First Heartland Consultants Inc. increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 106.6% in the third quarter. First Heartland Consultants Inc. now owns 164,175 shares of the company’s stock valued at $5,935,000 after purchasing an additional 84,723 shares during the period.

About Fidelity Enhanced Mid Cap ETF

(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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