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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.72 and last traded at $37.63, with a volume of 52303 shares traded. The stock had previously closed at $37.49.

Fidelity Enhanced Mid Cap ETF Stock Performance

The stock has a market cap of $4.88 billion, a PE ratio of 20.20 and a beta of 1.13. The firm’s 50-day moving average is $36.40 and its 200 day moving average is $35.81.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Enhanced Mid Cap ETF by 201.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock valued at $251,609,000 after purchasing an additional 4,647,932 shares in the last quarter. Huntington National Bank increased its holdings in Fidelity Enhanced Mid Cap ETF by 12.3% in the third quarter. Huntington National Bank now owns 2,705,555 shares of the company’s stock valued at $97,806,000 after buying an additional 296,372 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after acquiring an additional 2,524,924 shares during the period. Raymond James Financial Inc. raised its holdings in Fidelity Enhanced Mid Cap ETF by 114.4% during the third quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock worth $76,335,000 after purchasing an additional 1,126,665 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Fidelity Enhanced Mid Cap ETF by 8,528.5% during the third quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after purchasing an additional 1,999,003 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.