Mascagni Wealth Management Inc. Invests $789,000 in Fidelity Small-Mid Multifactor ETF $FSMD

Mascagni Wealth Management Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,930 shares of the company’s stock, valued at approximately $789,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 112.6% during the second quarter. Advisory Services Network LLC now owns 138,702 shares of the company’s stock valued at $5,812,000 after buying an additional 73,452 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth approximately $159,000. BKM Wealth Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $232,000. Envestnet Asset Management Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 44.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock valued at $26,200,000 after acquiring an additional 193,853 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 26.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 54,221 shares of the company’s stock valued at $2,249,000 after acquiring an additional 11,400 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 0.2%

NYSEARCA:FSMD opened at $45.08 on Thursday. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $45.55. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. The stock has a fifty day simple moving average of $43.82 and a 200-day simple moving average of $43.09.

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.