Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Unusually-High Trading Volume – What’s Next?

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw an uptick in trading volume on Thursday . 3,217,407 shares changed hands during mid-day trading, an increase of 231% from the previous session’s volume of 973,494 shares.The stock last traded at $38.99 and had previously closed at $38.73.

Fidelity Enhanced Mid Cap ETF Trading Up 0.4%

The business’s fifty day simple moving average is $37.22 and its two-hundred day simple moving average is $36.88. The stock has a market capitalization of $6.56 billion, a P/E ratio of 20.20 and a beta of 0.96.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at $30,000. AE Wealth Management LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 632.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 886 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st 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. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at $43,000. Finally, Clear Investment Research LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 209.6% in the 3rd quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock valued at $47,000 after buying an additional 872 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.