GW Henssler & Associates Ltd. Invests $26.42 Million in Fidelity Enhanced Mid Cap ETF $FMDE

GW Henssler & Associates Ltd. bought a new position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 726,258 shares of the company’s stock, valued at approximately $26,421,000. Fidelity Enhanced Mid Cap ETF comprises about 1.3% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in Fidelity Enhanced Mid Cap ETF by 777.6% in the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock worth $1,863,000 after purchasing an additional 52,669 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Fidelity Enhanced Mid Cap ETF by 12,968.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity Enhanced Mid Cap ETF by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock worth $7,959,000 after purchasing an additional 12,728 shares in the last quarter. Main Street Financial Solutions LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the second quarter worth about $205,000. Finally, Betterment LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the second quarter worth about $387,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

NYSEARCA:FMDE opened at $39.91 on Tuesday. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 20.20 and a beta of 0.96. Fidelity Enhanced Mid Cap ETF has a one year low of $32.83 and a one year high of $40.00. The stock has a 50-day simple moving average of $37.87 and a 200 day simple moving average of $37.18.

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.