Waterway Wealth Management LLC Purchases 27,331 Shares of Fidelity Enhanced Mid Cap ETF $FMDE

Waterway Wealth Management LLC lifted its position in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,770 shares of the company’s stock after acquiring an additional 27,331 shares during the quarter. Fidelity Enhanced Mid Cap ETF accounts for approximately 2.5% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Waterway Wealth Management LLC owned approximately 0.24% of Fidelity Enhanced Mid Cap ETF worth $13,778,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FMDE. Royal Bank of Canada increased its position in Fidelity Enhanced Mid Cap ETF by 777.6% during the 1st quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after purchasing an additional 52,669 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock valued at $79,741,000 after purchasing an additional 2,524,924 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fidelity Enhanced Mid Cap ETF by 5.8% during the second quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock valued at $7,959,000 after buying an additional 12,728 shares during the period. Main Street Financial Solutions LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the second quarter valued at approximately $205,000. Finally, Betterment LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the second quarter valued at approximately $387,000.

Fidelity Enhanced Mid Cap ETF Stock Up 1.0%

Shares of NYSEARCA:FMDE opened at $40.53 on Friday. The firm has a 50 day moving average of $39.15 and a 200 day moving average of $37.72. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. Fidelity Enhanced Mid Cap ETF has a 52 week low of $33.76 and a 52 week high of $40.86.

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.