Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Reaches New 1-Year High – Here’s What Happened

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) 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 Up 0.6%

The stock has a market cap of $7.81 billion, a P/E ratio of 20.20 and a beta of 0.91. The firm’s 50-day moving average is $40.22 and its two-hundred day moving average is $38.41.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at about $11,422,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 0.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock worth $2,269,000 after buying an additional 285 shares during the last quarter. Herbst Group LLC boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 6.7% during the 2nd quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock worth $325,000 after buying an additional 500 shares during the period. Adamsbrown Wealth Consultants LLC raised its holdings in Fidelity Enhanced Mid Cap ETF by 4.0% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 625,634 shares of the company’s stock worth $25,388,000 after acquiring an additional 24,145 shares during the period. Finally, First Heartland Consultants Inc. raised its holdings in Fidelity Enhanced Mid Cap ETF by 6.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 145,203 shares of the company’s stock worth $5,892,000 after acquiring an additional 8,737 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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