Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Strong Trading Volume – Time to Buy?

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw unusually-high trading volume on Wednesday . Approximately 1,916,843 shares were traded during trading, an increase of 214% from the previous session’s volume of 610,441 shares.The stock last traded at $34.51 and had previously closed at $34.24.

Fidelity Enhanced Mid Cap ETF Price Performance

The business’s fifty day moving average is $33.96 and its two-hundred day moving average is $32.56. The stock has a market capitalization of $1.96 billion, a PE ratio of 19.53 and a beta of 0.93.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Certified Advisory Corp lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 2.3% in the 3rd quarter. Certified Advisory Corp now owns 29,309 shares of the company’s stock valued at $943,000 after acquiring an additional 661 shares during the last quarter. Truist Financial Corp raised its position in Fidelity Enhanced Mid Cap ETF by 5.3% during the fourth quarter. Truist Financial Corp now owns 16,525 shares of the company’s stock valued at $543,000 after purchasing an additional 832 shares during the period. Evergreen Private Wealth LLC lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 3.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 28,982 shares of the company’s stock valued at $952,000 after purchasing an additional 1,075 shares during the last quarter. Lynch & Associates IN boosted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 13.3% in the 4th quarter. Lynch & Associates IN now owns 17,345 shares of the company’s stock worth $570,000 after purchasing an additional 2,040 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at approximately $70,000.

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.