Fidelity Mid Cap Value Index Fund

FIMVX · NASDAQ

Market closed$34.86$-0.220000 (-0.63%)

Key statistics

Previous close$35.08

Open$34.86

Day high$34.86

Day low$34.86

52-week high$35.08

52-week low$27.77

Market cap1.92B

Volume—

Average volume—

P/E ratio—

Forward P/E—

EPS—

Dividend yield0.00%

Market context

Why it moved

FIMVX declined modestly as broad market uncertainty and selling pressure across equity funds weighed on the fund's net asset value, with no specific catalysts identified to offset the general negative market sentiment.

Fintel Fintel Fintel Fintel Fintel

What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Fidelity Mid Cap Value Index Fund rose modestly, touching a fresh 52-week high, as the financial sector broadly benefited from a strong Q2 earnings season. Wall Street banks including Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Citizens Financial all beat expectations, driven by record trading revenue and surging M&A advisory fees — the most bullish dealmaking environment since 2021. The financial services ETF (XLF) also hit a 52-week high, underscoring broad sector strength, though Morningstar notes AI disruption concerns and private credit cracks have kept valuations relatively attractive for value-oriented mid-cap financials.

1.066

July 14, 2026Fidelity Mid Cap Value Index Fund closed essentially flat, holding near its 52-week high as the broader financial sector navigated a busy Q2 earnings day. Major Wall Street banks — JPMorgan, Goldman Sachs, and Wells Fargo — all beat estimates on surging dealmaking and trading revenue, providing a supportive backdrop for value-oriented financials. Meanwhile, a softer-than-expected June CPI reading of 3.5% helped lift sentiment, though ongoing US-Iran tensions and rising oil prices kept investors cautious about the macro outlook.

-0.0288

July 10, 2026Fidelity Mid Cap Value Index Fund (FIMVX) closed up modestly, hovering just below its 52-week high, as the broader financial sector and S&P 500 edged higher despite a week marked by geopolitical turbulence. The fund benefited from a constructive backdrop for financial services holdings, with the S&P 500 near record levels and bank stocks in focus ahead of Q2 earnings season next week. UBS Group's broadly positive outlook on U.S. bank stocks — citing flourishing capital markets, resilient consumer lending, and regulatory relief tailwinds — supported mid-cap value financials, while easing Iran-related tensions helped stabilize sentiment after a volatile stretch earlier in the week.

1.0183

July 9, 2026Fidelity Mid Cap Value Index Fund edged modestly lower, with the financial sector facing crosscurrents as investors balanced a broadly positive Q2 earnings outlook against ongoing geopolitical risk. Renewed U.S.-Iran military exchanges threatened the fragile ceasefire, pushing oil prices higher and reigniting inflation concerns that weighed on rate-sensitive value holdings. However, strong financial sector momentum—highlighted by Goldman Sachs surging on a $70B pension mandate win and major banks like JPMorgan and Citigroup set to kick off Q2 earnings on July 14 with upbeat estimates—provided some offsetting support for the fund's financial-heavy mid-cap value portfolio.

-0.4314

July 8, 2026Fidelity Mid Cap Value Index Fund declined as a broad risk-off wave swept U.S. equity markets after President Trump declared the U.S.-Iran interim peace agreement 'over,' sending oil prices surging more than 5% and triggering a global flight from risk assets. The macro-driven selloff weighed on mid-cap value stocks broadly, while the financial sector—a key holding area for FIMVX—also faced pressure, with the XLF sector ETF pulling back amid rising Treasury yields and uncertainty heading into Q2 bank earnings season, where UBS flagged potential deposit cost headwinds and peak optimism concerns.

-1.349

July 2, 2026Fidelity Mid Cap Value Index Fund closed modestly higher, touching a fresh 52-week high, as the finance sector posted a strong Q2 with the Zacks Finance sector surging 10.9% in the quarter. Mid-cap value names benefited from fading recession fears, resilient corporate earnings, and a dovish tilt in Fed Chair Kevin Warsh's remarks that inflation risks have eased, helping to price out a July rate hike and lifting rate-sensitive financials ahead of the June nonfarm payrolls report.

0.8686

June 25, 2026Fidelity Mid Cap Value Index Fund surged over 2% to a new 52-week high, benefiting from a strong broad market recovery led by Micron Technology's blowout earnings report and Qualcomm's raised guidance, which helped lift investor sentiment after a tech-driven sell-off earlier in the week. Value-oriented mid-cap equities attracted renewed interest as investors rotated away from high-multiple tech names, with the Federal Reserve's annual stress test confirming banking sector resilience and May PCE inflation data providing further macro backdrop for financials and value stocks.

2.2614

June 24, 2026Fidelity Mid Cap Value Index Fund edged lower, closing near but slightly off its 52-week high, as the financial sector faced headwinds from a volatile week. Broader market turbulence — driven by a global tech and chip sell-off tied to AI valuation concerns — weighed on sentiment, while the Federal Reserve's annual stress test confirmed resilience across major banks. Jefferies reported record investment-banking revenue but still declined ~4% after missing revenue estimates, reflecting mixed signals in asset management and capital markets that are relevant to the fund's mid-cap value holdings.

-0.5811

Business Wire · April 30, 2026Fidelity Investments® Builds out Active Enhanced ETF Suite With the Launch of Four Small, Mid Cap ETFs U.S. News - Money · April 29, 20267 Best Fidelity Mutual Funds to Buy and Hold Morningstar · April 17, 2026The Best Small-/Mid-Cap Funds and ETFs To Buy Forbes · July 1, 2024Best Fidelity Mutual Funds For 2026

Peers

S&P 500SPX · $7,457.69-1.01%

FAM Value FundFAMWX · $107.72-0.96%

Fidelity GNMA FundFGMNX · $10.300.00%

Fidelity Small Cap Value Index FundFISVX · $34.84-0.74%

Nationwide S&P 500 Index FundGRMIX · $33.65-1.00%

Independent Franchise Partners US Equity FundIFPUX · $21.17-0.14%

John Hancock Classic Value FundPZFVX · $21.56-0.46%

Royce Pennsylvania Mutual FundRYPFX · $10.98-0.81%

AMG TimesSquare Mid Cap Growth FundTMDPX · $16.00-0.74%

Company profile

Fidelity Mid Cap Value Index Fund (FIMVX) is an open-end equity indexed mutual fund launched on July 11, 2019, and managed by Fidelity Management & Research Company LLC, part of the Fidelity Salem Street Trust, with co-management provided by Geode Capital Management, LLC. The fund seeks to provide investment results corresponding to the total return performance of the Russell Midcap® Value Index, a market capitalization-weighted benchmark designed to measure the performance of the mid-cap value segment of the U.S. equity market, by normally investing at least 80% of its assets in the index's component securities using a representative sampling technique across approximately 714 holdings. With total net assets of approximately $1.46 billion, the fund offers investors a cost-efficient vehicle — featuring a low net expense ratio of 0.06% and no-load structure — with top sector exposures in Financial Services, Industrials, Technology, and Real Estate, and leading holdings including Arthur J. Gallagher & Co., MicroStrategy Inc., Williams Companies Inc., Howmet Aerospace Inc., and Bank of New York Mellon Corp. Since inception, the fund has delivered an average annual return of 8.91%, with a 5-year cumulative return of 82.14%, and pays semi-annual dividends, reflecting its objective of combining capital appreciation with income generation for U.S. investors seeking mid-cap value exposure.

Symbol: FIMVX
Exchange: NASDAQ
Sector: Financial Services
Industry: Asset Management
Employees: 0
Country: US
IPO date: 2019-07-17
Website: fundresearch.fidelity.com

Analyst consensus

hold

0 ratings

Low$0.00Average$0.00High$0.00