Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sets New 12-Month High – Should You Buy?

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) hit a new 52-week high during trading on Monday . The stock traded as high as $41.49 and last traded at $41.49, with a volume of 106162 shares changing hands. The stock had previously closed at $41.11.

Fidelity Enhanced Mid Cap ETF Stock Performance

The stock has a market cap of $7.97 billion, a P/E ratio of 20.20 and a beta of 0.91. The firm’s fifty day simple moving average is $40.32 and its 200-day simple moving average is $38.47.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

A number of large investors have recently bought and sold shares of FMDE. Wealthcare Advisory Partners LLC boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 0.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock valued at $2,269,000 after purchasing an additional 285 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in 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 buying an additional 331 shares during the period. Cornerstone Planning Group LLC lifted its stake 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 during the period. Herbst Group LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 6.7% in the second quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock valued at $325,000 after buying an additional 500 shares during the period. Finally, Evergreen Private Wealth LLC boosted its holdings 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 worth $1,055,000 after buying an additional 544 shares in 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.