Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Strong Trading Volume – Should You Buy?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) shares saw strong 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 Stock Down 1.4%

The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 20.20 and a beta of 0.96. The business’s 50-day moving average is $37.26 and its 200-day moving average is $36.91.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FMDE. Park Avenue Securities LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 232.3% in the 4th quarter. Park Avenue Securities LLC now owns 95,201 shares of the company’s stock valued at $3,463,000 after purchasing an additional 66,555 shares during the last quarter. 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 purchased a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $2,141,000. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at approximately $18,243,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 255,162 shares of the company’s stock valued at $9,224,000 after acquiring an additional 23,896 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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