Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Volume Increase – Here’s What Happened

Shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw strong trading volume on Friday . 1,421,276 shares changed hands during trading, an increase of 174% from the previous session’s volume of 518,497 shares.The stock last traded at $36.5760 and had previously closed at $36.37.

Fidelity Enhanced Mid Cap ETF Stock Performance

The stock’s fifty day simple moving average is $35.86 and its 200-day simple moving average is $35.33. The stock has a market cap of $4.15 billion, a P/E ratio of 20.20 and a beta of 1.13.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Enhanced Mid Cap ETF by 201.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,960,142 shares of the company’s stock worth $251,609,000 after buying an additional 4,647,932 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 valued at $79,741,000 after buying an additional 2,524,924 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 8,528.5% during the 3rd 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 during the period. Raymond James Financial Inc. boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 114.4% during the 3rd quarter. Raymond James Financial Inc. now owns 2,111,621 shares of the company’s stock worth $76,335,000 after acquiring an additional 1,126,665 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Fidelity Enhanced Mid Cap ETF by 1,785.0% in the first quarter. Kestra Advisory Services LLC now owns 991,930 shares of the company’s stock valued at $31,087,000 after acquiring an additional 939,308 shares during 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.