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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.16 and last traded at $38.94, with a volume of 34579 shares traded. The stock had previously closed at $38.79.

Fidelity Enhanced Mid Cap ETF Stock Up 0.3%

The stock’s 50-day moving average is $37.17 and its 200 day moving average is $36.80. The stock has a market capitalization of $6.55 billion, a PE ratio of 20.20 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FMDE. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 170.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after buying an additional 11,869,760 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 12,968.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after buying an additional 2,524,924 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $84,551,000. Ameriprise Financial Inc. grew its position in Fidelity Enhanced Mid Cap ETF by 8,528.5% in the third quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after acquiring an additional 1,999,003 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Fidelity Enhanced Mid Cap ETF by 90.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock worth $124,883,000 after acquiring an additional 1,627,937 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.