Northwestern Mutual Wealth Management Co. Sells 123,208 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Northwestern Mutual Wealth Management Co. decreased its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,496 shares of the company’s stock after selling 123,208 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $8,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSMD. GEN Financial Management INC. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $13,180,000. Bank of America Corp DE grew its position in shares of Fidelity Small-Mid Multifactor ETF by 30.6% in the second quarter. Bank of America Corp DE now owns 1,116,813 shares of the company’s stock valued at $46,314,000 after purchasing an additional 261,808 shares during the last quarter. Retirement Planning Group LLC grew its position in shares of Fidelity Small-Mid Multifactor ETF by 5.7% in the fourth quarter. Retirement Planning Group LLC now owns 4,020,613 shares of the company’s stock valued at $177,430,000 after purchasing an additional 216,879 shares during the last quarter. Prasad Wealth Partners LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $8,392,000. Finally, MML Investors Services LLC grew its position in shares of Fidelity Small-Mid Multifactor ETF by 2,394.9% in the second quarter. MML Investors Services LLC now owns 139,142 shares of the company’s stock valued at $5,770,000 after purchasing an additional 133,565 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 0.9%

Fidelity Small-Mid Multifactor ETF stock opened at $49.42 on Friday. Fidelity Small-Mid Multifactor ETF has a 12 month low of $39.61 and a 12 month high of $50.44. The stock’s 50 day moving average is $47.07 and its 200-day moving average is $45.87. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94.

Fidelity Small-Mid Multifactor ETF Profile

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.