Waterway Wealth Management LLC Raises Stock Holdings in Fidelity Enhanced Mid Cap ETF $FMDE

Waterway Wealth Management LLC boosted its position in shares of Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) by 7.3% in the first quarter, HoldingsChannel.com reports. The fund owned 403,770 shares of the company’s stock after acquiring an additional 27,331 shares during the quarter. Fidelity Enhanced Mid Cap ETF comprises about 2.5% of Waterway Wealth Management LLC’s portfolio, making the stock its 11th largest holding. Waterway Wealth Management LLC’s holdings in Fidelity Enhanced Mid Cap ETF were worth $13,778,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the fourth quarter worth about $30,000. Quattro Advisors LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Advisory Services Network LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth approximately $75,000. Geneos Wealth Management Inc. raised its position in Fidelity Enhanced Mid Cap ETF by 15.6% during the 2nd 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 last quarter. Finally, Wealth Watch Advisors INC purchased a new position in Fidelity Enhanced Mid Cap ETF during the 3rd quarter worth approximately $98,000.

Fidelity Enhanced Mid Cap ETF Trading Up 1.0%

Shares of NYSEARCA FMDE opened at $40.53 on Friday. The company has a 50 day simple moving average of $39.15 and a two-hundred day simple moving average of $37.72. The stock has a market cap 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 12 month low of $33.76 and a 12 month high of $40.86.

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.