Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Shares Break Above 50-Day Moving Average – Should You Sell?

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $41.31 and traded as high as $42.01. Fidelity Enhanced Mid Cap ETF shares last traded at $41.83, with a volume of 1,012,951 shares.

Fidelity Enhanced Mid Cap ETF Stock Up 1.0%

The company has a fifty day moving average price of $41.32 and a 200 day moving average price of $39.60. The stock has a market cap of $8.79 billion, a PE ratio of 18.66 and a beta of 0.90.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of FMDE. Mayflower Financial Advisors LLC boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 8.5% during the third quarter. Mayflower Financial Advisors LLC now owns 6,768 shares of the company’s stock valued at $273,000 after purchasing an additional 532 shares during the period. Private Advisor Group LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 31.2% in the third quarter. Private Advisor Group LLC now owns 358,185 shares of the company’s stock worth $14,464,000 after buying an additional 85,264 shares during the period. Tyche Wealth Partners LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 1.4% in the third quarter. Tyche Wealth Partners LLC now owns 540,013 shares of the company’s stock worth $21,806,000 after buying an additional 7,227 shares during the period. Ironwood Investment Counsel LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the 3rd quarter valued at $2,939,000. Finally, HighTower Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the 3rd quarter valued at $22,509,000.

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.