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

Waterway Wealth Management LLC grew its holdings in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,439 shares of the company’s stock after acquiring an additional 13,456 shares during the quarter. Fidelity Enhanced Mid Cap ETF accounts for about 2.4% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Waterway Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $12,940,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quattro Advisors LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter worth about $43,000. Clear Investment Research LLC increased its holdings in shares of 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 worth $47,000 after acquiring an additional 872 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the third quarter worth about $75,000. Geneos Wealth Management Inc. boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after buying an additional 331 shares during the period. Finally, Wealth Watch Advisors INC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $98,000.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE stock opened at $40.37 on Wednesday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 20.20 and a beta of 0.94. The business has a 50-day moving average of $38.74 and a 200-day moving average of $37.53. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $33.12 and a fifty-two week high of $40.84.

About Fidelity Enhanced Mid Cap ETF

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.