FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
Rating:70Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and over the past month, indicating positive recent momentum.
Well-Performing Top Holdings
Several of the largest positions, such as Western Digital and Comfort Systems, have delivered strong year-to-date results that support the fund’s overall performance.
Broad Sector Diversification
Holdings spread across many sectors, including industrials, technology, financials, and consumer-related industries, help reduce the impact of weakness in any single area.
Negative Factors
High U.S. Concentration
With almost all assets in U.S. companies, the fund offers very limited geographic diversification and is heavily tied to the U.S. market.
Mid-Cap Focus Risk
Because the ETF targets mid-sized companies, it may be more volatile than funds focused on larger, more established firms.
Moderate Expense Ratio
The fund’s fee is not especially high but is also not among the very lowest, which slightly reduces net returns over time compared with the cheapest ETFs.
FMDE vs. SPDR S&P 500 ETF (SPY)
AUM7.06B
RegionNorth America
Expense Ratio0.23%
Beta0.91
IssuerFidelity
Inception DateNov 20, 2023
Dividend Yield1.1%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume757,722
30 Day Avg. Volume922,922
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
45.73Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering393
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMDE Summary
The Fidelity Enhanced Mid Cap ETF (FMDE) invests mainly in medium‑sized U.S. companies across many sectors, including industrials, technology, financials, and consumer businesses. It does not track a set index, but instead uses Fidelity’s active approach to try to improve returns while still staying broadly diversified. Well-known holdings include Western Digital and Bank of New York Mellon. Someone might invest in FMDE to seek long-term growth from mid-sized companies that may have more room to expand than many large, mature firms. A key risk is that mid-cap stocks can be more volatile and can go up and down sharply with the market.
How much will it cost me?The Fidelity Enhanced Mid Cap ETF (FMDE) has an expense ratio of 0.23%, which means you’ll pay $2.30 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it uses a mix of active and passive management to enhance returns.
What would affect this ETF?The Fidelity Enhanced Mid Cap ETF (FMDE) could benefit from economic growth and innovation in sectors like technology and industrials, which make up a significant portion of its holdings. However, it may face challenges from rising interest rates, which could impact financial and real estate sectors, or economic slowdowns that affect consumer spending and cyclical industries. Its focus on U.S. mid-cap companies provides growth potential but also exposes it to domestic economic and regulatory risks.
FMDE Top 10 Holdings
FMDE leans heavily into U.S. mid-cap innovators, with tech and industrial names setting the tone. Western Digital and SanDisk have been the real engines lately, riding a wave of renewed demand for chips and storage. Teradyne and Keysight are also rising, giving the fund extra lift from the broader tech and testing-equipment boom. On the flip side, Howmet Aerospace has been more mixed, occasionally tapping the brakes. Energy names like Marathon Petroleum and Kinder Morgan add a steady, cash-generating backbone, rounding out a diversified but U.S.-centric mid-cap story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Western Digital | 1.80% | $126.86M | $182.44B | 910.64% | 77 Outperform | |
| SanDisk Corp | 1.44% | $101.98M | $278.63B | 4559.06% | 55 Neutral | |
| Howmet Aerospace | 1.28% | $90.45M | $105.87B | 54.60% | 67 Neutral | |
| Bank of New York Mellon | 1.24% | $87.51M | $97.53B | 62.50% | 75 Outperform | |
| Ross Stores | 0.96% | $67.93M | $76.70B | 82.13% | 80 Outperform | |
| Marathon Petroleum | 0.94% | $66.58M | $76.14B | 58.64% | 66 Neutral | |
| Comfort Systems | 0.94% | $66.38M | $64.89B | 281.07% | 80 Outperform | |
| Keysight Technologies | 0.94% | $66.06M | $58.11B | 121.68% | 77 Outperform | |
| Teradyne | 0.93% | $65.72M | $59.71B | 385.32% | 71 Outperform | |
| Nucor | 0.90% | $63.93M | $59.42B | 118.46% | 74 Outperform |
FMDE Technical Analysis
Positive
―
Price Trends
38.61
Positive
37.72
Positive
36.84
Positive
Market Momentum
0.33
Positive
61.56
Neutral
59.23
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMDE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 39.33, equal to the 50-day MA of 38.61, and equal to the 200-day MA of 36.84, indicating a bullish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 61.56 is Neutral, neither overbought nor oversold. The STOCH value of 59.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMDE.
FMDE Peer Comparison
Comparison Results
Performance Comparison
FMDE
Fidelity Enhanced Mid Cap ETF
40.14
6.89
20.72%
SPYI
NEOS S&P 500 High Income ETF
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FELC
Fidelity Enhanced Large Cap Core ETF
―
―
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DIVO
Amplify CWP Enhanced Dividend Income ETF
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TCAF
T. Rowe Price Capital Appreciation Equity ETF
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AKRE
Akre Focus ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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