New England Private Wealth Advisors LLC purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,574 shares of the company’s stock, valued at approximately $229,000. New England Private Wealth Advisors LLC owned about 0.07% of Fidelity Small-Mid Multifactor ETF at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of FSMD. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter worth $14,780,000. Systelligence LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter valued at $11,754,000. Provident Wealth Management LLC acquired a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $6,334,000. Stratos Investment Management LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 27.0% in the fourth quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock worth $9,117,000 after acquiring an additional 47,043 shares during the period. Finally, Independent Advisor Alliance purchased a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth approximately $1,443,000.
Fidelity Small-Mid Multifactor ETF Stock Down 0.0 %
Shares of NYSEARCA FSMD opened at $38.73 on Wednesday. The company’s 50-day simple moving average is $41.66 and its 200-day simple moving average is $41.82. The firm has a market cap of $790.09 million, a price-to-earnings ratio of 17.43 and a beta of 1.08. Fidelity Small-Mid Multifactor ETF has a 52-week low of $35.99 and a 52-week high of $45.16.
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.
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