Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Stock Price Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $41.46 and traded as high as $41.79. Fidelity Enhanced Mid Cap ETF shares last traded at $41.69, with a volume of 796,407 shares traded.

Fidelity Enhanced Mid Cap ETF Trading Down 0.0%

The company has a market cap of $8.58 billion, a price-to-earnings ratio of 20.20 and a beta of 0.93. The company has a fifty day moving average price of $41.43 and a two-hundred day moving average price of $39.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at $118,748,000. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,983,161 shares of the company’s stock worth $80,477,000 after acquiring an additional 171,715 shares during the period. Capital Analysts LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 1.3% during the 2nd quarter. Capital Analysts LLC now owns 1,862,959 shares of the company’s stock worth $75,598,000 after acquiring an additional 23,483 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 24.3% during the 1st quarter. Cetera Investment Advisers now owns 2,043,214 shares of the company’s stock worth $73,474,000 after acquiring an additional 398,833 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 24.7% during the 1st quarter. Kestra Advisory Services LLC now owns 1,901,836 shares of the company’s stock valued at $68,390,000 after acquiring an additional 376,601 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.