Waterway Wealth Management LLC Buys 13,456 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

Waterway Wealth Management LLC boosted its stake in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,439 shares of the company’s stock after purchasing an additional 13,456 shares during the quarter. Fidelity Enhanced Mid Cap ETF comprises about 2.4% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Waterway Wealth Management LLC owned about 0.27% of Fidelity Enhanced Mid Cap ETF worth $12,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FMDE. Quattro Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at about $43,000. Clear Investment Research LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 209.6% in the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock valued at $47,000 after purchasing an additional 872 shares during the last quarter. Advisory Services Network LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the third quarter valued at about $75,000. Geneos Wealth Management Inc. increased its holdings in Fidelity Enhanced Mid Cap ETF by 15.6% in the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after purchasing an additional 331 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in Fidelity Enhanced Mid Cap ETF in the third quarter valued at about $98,000.

Fidelity Enhanced Mid Cap ETF Trading Down 0.5%

NYSEARCA FMDE opened at $40.37 on Wednesday. The stock has a 50-day simple moving average of $38.74 and a 200 day simple moving average of $37.53. The company has a market capitalization of $6.81 billion, a PE ratio of 20.20 and a beta of 0.94. Fidelity Enhanced Mid Cap ETF has a 12 month low of $33.12 and a 12 month high of $40.84.

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.