BG Investment Services Inc. Takes $882,000 Position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE)

BG Investment Services Inc. purchased a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the fourth quarter, Holdings Channel reports. The firm purchased 26,849 shares of the company’s stock, valued at approximately $882,000. Fidelity Enhanced Mid Cap ETF makes up approximately 0.9% of BG Investment Services Inc.’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $70,000. Harbour Investments Inc. boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 34.3% during the 4th quarter. Harbour Investments Inc. now owns 2,812 shares of the company’s stock worth $92,000 after acquiring an additional 718 shares in the last quarter. Veridan Wealth LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $210,000. Prospera Financial Services Inc bought a new position in Fidelity Enhanced Mid Cap ETF in the third quarter valued at approximately $215,000. Finally, PNC Financial Services Group Inc. raised its position in Fidelity Enhanced Mid Cap ETF by 169.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,723 shares of the company’s stock valued at $221,000 after purchasing an additional 4,229 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA FMDE opened at $32.37 on Wednesday. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $28.21 and a fifty-two week high of $35.44. The business has a fifty day moving average price of $33.29 and a two-hundred day moving average price of $33.17. The stock has a market capitalization of $1.84 billion, a PE ratio of 19.77 and a beta of 0.93.

Fidelity Enhanced Mid Cap ETF 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.