FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
Rating:70Outperform
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)
AUM6.54B
RegionNorth America
Expense Ratio0.23%
Beta0.92
IssuerFidelity
Inception DateNov 20, 2023
Dividend Yield1.15%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume628,254
30 Day Avg. Volume1,063,250
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
44.15Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering373
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 into U.S. mid-cap industrials and tech, with names like Western Digital and Comfort Systems doing much of the heavy lifting as their shares keep rising on strong earnings and upbeat outlooks. Ametek and Corteva are also pulling their weight, adding steady, if less dramatic, gains. On the flip side, energy plays Marathon Petroleum and Kinder Morgan have been more mixed, occasionally losing steam and tempering overall momentum. With no single stock dominating and a clear tilt toward industrial and tech-driven growth, the fund feels diversified but thematically pro-cyclical.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Western Digital | 1.43% | $92.19M | $136.97B | 879.54% | 77 Outperform | |
| Bank of New York Mellon | 1.22% | $78.93M | $92.01B | 70.41% | 75 Outperform | |
| Howmet Aerospace | 1.20% | $77.47M | $97.15B | 77.26% | 67 Neutral | |
| Teradyne | 1.02% | $66.09M | $65.45B | 423.23% | 71 Outperform | |
| Simon Property | 1.00% | $64.65M | $65.35B | 26.99% | 70 Outperform | |
| Comfort Systems | 0.99% | $64.01M | $60.76B | 354.88% | 80 Outperform | |
| Marathon Petroleum | 0.97% | $62.69M | $66.01B | 65.15% | 66 Neutral | |
| Kinder Morgan | 0.93% | $60.28M | $70.62B | 14.33% | 68 Neutral | |
| Ametek | 0.92% | $59.11M | $53.36B | 40.10% | 79 Outperform | |
| Corteva | 0.90% | $57.77M | $53.57B | 29.01% | 75 Outperform |
FMDE Technical Analysis
Positive
―
Price Trends
37.08
Positive
37.03
Positive
36.20
Positive
Market Momentum
0.44
Negative
62.86
Neutral
43.44
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 37.90, equal to the 50-day MA of 37.08, and equal to the 200-day MA of 36.20, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 62.86 is Neutral, neither overbought nor oversold. The STOCH value of 43.44 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
38.50
6.89
21.80%
SPYI
NEOS S&P 500 High Income 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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FELC
Fidelity Enhanced Large Cap Core 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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