Retirement Planning Group LLC Raises Stake in Fidelity Small-Mid Multifactor ETF $FSMD

Retirement Planning Group LLC grew its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 28.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,165,395 shares of the company’s stock after purchasing an additional 1,144,782 shares during the period. Fidelity Small-Mid Multifactor ETF makes up 7.2% of Retirement Planning Group LLC’s portfolio, making the stock its 3rd biggest holding. Retirement Planning Group LLC owned 0.11% of Fidelity Small-Mid Multifactor ETF worth $230,996,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FSMD. Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 18.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock worth $134,685,000 after purchasing an additional 480,484 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter worth approximately $55,484,000. Bank of America Corp DE grew its position in Fidelity Small-Mid Multifactor ETF by 10.7% in the third quarter. Bank of America Corp DE now owns 1,236,233 shares of the company’s stock worth $54,407,000 after buying an additional 119,420 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 8.6% in the fourth quarter. LPL Financial LLC now owns 1,099,883 shares of the company’s stock valued at $48,538,000 after buying an additional 86,762 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 5.9% in the fourth quarter. Cetera Investment Advisers now owns 604,170 shares of the company’s stock valued at $26,662,000 after buying an additional 33,765 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Down 1.2%

FSMD opened at $50.98 on Tuesday. The business has a fifty day simple moving average of $50.66 and a 200-day simple moving average of $47.76. The firm has a market cap of $2.51 billion, a PE ratio of 16.74 and a beta of 0.93. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $40.79 and a fifty-two week high of $53.00.

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.