Northwestern Mutual Wealth Management Co. Increases Position in Fidelity Small-Mid Multifactor ETF $FSMD

Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,968 shares of the company’s stock after purchasing an additional 17,264 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.77% of Fidelity Small-Mid Multifactor ETF worth $15,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FSMD. Royal Bank of Canada increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 30.9% in the 1st quarter. Royal Bank of Canada now owns 18,651 shares of the company’s stock valued at $730,000 after purchasing an additional 4,399 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 104.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,957 shares of the company’s stock valued at $1,643,000 after purchasing an additional 21,452 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 113.0% in the 1st quarter. Jane Street Group LLC now owns 165,027 shares of the company’s stock valued at $6,462,000 after purchasing an additional 87,542 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 96.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,613 shares of the company’s stock valued at $772,000 after purchasing an additional 9,128 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at about $33,000.

Fidelity Small-Mid Multifactor ETF Stock Down 0.2%

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $50.08 on Tuesday. Fidelity Small-Mid Multifactor ETF has a twelve month low of $39.79 and a twelve month high of $50.66. The business has a 50-day moving average price of $47.84 and a 200 day moving average price of $46.21. The firm has a market cap of $2.42 billion, a PE 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.