Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Volume Increase – Here’s What Happened

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw unusually-strong trading volume on Wednesday . Approximately 3,942,255 shares changed hands during mid-day trading, an increase of 294% from the previous session’s volume of 999,481 shares.The stock last traded at $36.22 and had previously closed at $36.36.

Fidelity Enhanced Mid Cap ETF Trading Down 0.1%

The stock has a market capitalization of $4.99 billion, a P/E ratio of 20.20 and a beta of 1.13. The company has a 50-day moving average price of $37.29 and a 200 day moving average price of $36.50.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several hedge funds have recently modified their holdings of the company. Clearwave Capital LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $1,867,000. Anchor Investment Management LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $30,000. Sunbelt Securities Inc. lifted its position in Fidelity Enhanced Mid Cap ETF by 5.2% during the fourth quarter. Sunbelt Securities Inc. now owns 23,003 shares of the company’s stock valued at $837,000 after acquiring an additional 1,136 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at approximately $255,000. Finally, NewEdge Advisors LLC boosted its stake in Fidelity Enhanced Mid Cap ETF by 44.3% in the fourth quarter. NewEdge Advisors LLC now owns 63,959 shares of the company’s stock valued at $2,327,000 after acquiring an additional 19,648 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Company Profile

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.