AssuredPartners Investment Advisors LLC Increases Stock Holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

AssuredPartners Investment Advisors LLC boosted its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 246,659 shares of the company’s stock after acquiring an additional 20,818 shares during the period. Fidelity Small-Mid Multifactor ETF accounts for approximately 1.9% of AssuredPartners Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. AssuredPartners Investment Advisors LLC owned approximately 0.87% of Fidelity Small-Mid Multifactor ETF worth $9,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSMD. Bank of Montreal Can increased its position in shares of Fidelity Small-Mid Multifactor ETF by 74.5% during the fourth quarter. Bank of Montreal Can now owns 820 shares of the company’s stock valued at $34,000 after buying an additional 350 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at about $54,000. Principal Securities Inc. increased its position in shares of Fidelity Small-Mid Multifactor ETF by 88.7% during the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after buying an additional 851 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Fidelity Small-Mid Multifactor ETF by 105.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,968 shares of the company’s stock valued at $81,000 after buying an additional 1,010 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 2,340.1% during the fourth quarter. Global Retirement Partners LLC now owns 5,051 shares of the company’s stock valued at $208,000 after buying an additional 4,844 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 1.3%

Shares of FSMD opened at $40.95 on Tuesday. The business’s 50-day moving average price is $39.71 and its 200-day moving average price is $40.41. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $45.16. The stock has a market cap of $1.53 billion, a PE ratio of 17.20 and a beta of 0.98.

About Fidelity Small-Mid Multifactor ETF

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.