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Normally investing at least 80% of assets in common stocks included in the Russell Midcap Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell Midcap Index.
Fidelity Enhanced Mid Cap ETF trades on the ARCA stock market under the symbol FMDE.
As of April 20, 2026, FMDE stock price climbed to $38.65 with 452,654 million shares trading.
FMDE has a beta of 0.79, meaning it tends to be less sensitive to market movements. FMDE has a correlation of 0.70 to the broad based SPY ETF.
FMDE has a market cap of $6.47 billion. This is considered a Mid Cap stock.
FMDE has underperformed the market in the last year with a price return of +30.9% while the SPY ETF gained +35.9%. However, in the short term, FMDE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.2% vs +2.6% return in SPY. But in the last 2 weeks, FMDE shares have been beat by the market, returning +6.2% compared to an SPY return of +8.0%.
FMDE support price is $38.02 and resistance is $39.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FMDE shares will trade within this expected range on the day.
