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FMDE - ETF AI Analysis
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Fidelity Enhanced Mid Cap ETF (FMDE)
Rating:70Neutral
Price Target:―
Positive Factors
Broad Sector Diversification
The fund spreads its investments across many sectors like industrials, technology, financials, and consumer companies, which helps reduce the impact if any one area of the market struggles.
Generally Strong Top Holdings
Most of the largest positions, such as Western Digital, Cummins, and Howmet Aerospace, have shown strong or steady performance so far this year, supporting the ETF’s overall returns.
Moderate Expense Ratio for an Active Strategy
The fund’s expense ratio is relatively modest for an enhanced, actively managed mid-cap strategy, so less of your return is lost to fees compared with many active funds.
Negative Factors
Heavy U.S. Concentration
With almost all assets invested in U.S. companies, the ETF offers very little geographic diversification and is highly tied to the U.S. market’s fortunes.
Exposure to Some Lagging Holdings
A few top holdings like Simon Property and Electronic Arts have shown weak or slightly negative performance this year, which can drag on the fund’s results if the trend continues.
Cyclical Sector Sensitivity
Significant exposure to economically sensitive areas such as industrials, consumer cyclical, and financials means the fund may be more volatile during economic slowdowns.
FMDE vs. SPDR S&P 500 ETF (SPY)
AUM4.94B
RegionNorth America
Expense Ratio0.23%
Beta0.94
IssuerFidelity
Inception DateNov 20, 2023
Dividend Yield1.18%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume812,140
30 Day Avg. Volume666,204
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
42.99Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering329
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; instead, Fidelity’s managers choose stocks they believe can outperform, giving you an actively managed way to invest in mid‑cap stocks. Well-known holdings include Ford Motor and Electronic Arts. Someone might invest in FMDE to seek growth from companies that are past the start-up phase but still have room to expand, while staying diversified across industries. A key risk is that mid-cap stocks can be volatile and the ETF’s value can go up and down with the stock 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 Western Digital acting as a clear engine of recent gains as its recovery story gathers speed. Cummins and Ametek are also pulling their weight, helping the fund’s industrial tilt. Financials like Bank of New York Mellon are quietly rising, adding a steady backbone. On the softer side, Simon Property and Ford feel more like dead weight lately, with performance that’s been choppy rather than charging ahead. Overall, the fund is diversified but still driven by a few standout mid-cap names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Howmet Aerospace | 1.22% | $60.25M | $88.60B | 77.57% | 67 Neutral | |
| Bank of New York Mellon | 1.20% | $59.15M | $83.06B | 42.01% | 75 Outperform | |
| Western Digital | 1.14% | $56.23M | $76.23B | 252.21% | 77 Outperform | |
| Simon Property | 0.96% | $47.35M | $60.17B | 7.10% | 70 Outperform | |
| Kinder Morgan | 0.92% | $45.41M | $62.20B | -2.59% | 68 Neutral | |
| Ford Motor | 0.92% | $45.22M | $52.92B | 37.29% | 71 Outperform | |
| Electronic Arts | 0.90% | $44.61M | $51.02B | 72.36% | 70 Outperform | |
| Ametek | 0.89% | $44.18M | $49.07B | 16.54% | 79 Outperform | |
| Cardinal Health | 0.89% | $44.15M | $49.98B | 61.92% | 66 Neutral | |
| Cummins | 0.89% | $44.12M | $78.10B | 58.05% | 72 Outperform |
FMDE Technical Analysis
Positive
―
Price Trends
36.44
Positive
36.11
Positive
34.64
Positive
Market Momentum
0.32
Positive
61.06
Neutral
46.74
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 37.19, equal to the 50-day MA of 36.44, and equal to the 200-day MA of 34.64, indicating a bullish trend. The MACD of 0.32 indicates Positive momentum. The RSI at 61.06 is Neutral, neither overbought nor oversold. The STOCH value of 46.74 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
37.71
3.61
10.59%
AKRE
Akre Focus ETF
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―
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CGUS
Capital Group Core Equity ETF
―
―
―
QQQI
NEOS Nasdaq 100 High Income ETF
―
―
―
SPYI
NEOS S&P 500 High Income ETF
―
―
―
TCAF
T. Rowe Price Capital Appreciation Equity ETF
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―
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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.
Disclaimer
This 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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