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

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw an uptick in trading volume on Tuesday . 1,656,401 shares were traded during trading, an increase of 191% from the previous session’s volume of 568,276 shares.The stock last traded at $32.16 and had previously closed at $32.62.

Fidelity Enhanced Mid Cap ETF Price Performance

The business’s fifty day simple moving average is $33.74 and its 200 day simple moving average is $33.09. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 19.53 and a beta of 0.93.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently modified their holdings of FMDE. FMR LLC grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 45.7% during the 4th quarter. FMR LLC now owns 9,554,800 shares of the company’s stock valued at $313,875,000 after acquiring an additional 2,998,689 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $141,133,000. Commonwealth Equity Services LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 43.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 921,565 shares of the company’s stock valued at $30,273,000 after acquiring an additional 281,260 shares during the period. Demars Financial Group LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 3,108.5% in the fourth quarter. Demars Financial Group LLC now owns 535,015 shares of the company’s stock worth $16,286,000 after purchasing an additional 518,340 shares during the period. Finally, KFG Wealth Management LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 29.1% in the fourth quarter. KFG Wealth Management LLC now owns 423,550 shares of the company’s stock valued at $13,914,000 after acquiring an additional 95,568 shares during the period.

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.