BG Investment Services Inc. acquired a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 16,354 shares of the company’s stock, valued at approximately $673,000. Fidelity Small-Mid Multifactor ETF accounts for 0.7% of BG Investment Services Inc.’s holdings, making the stock its 22nd biggest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FSMD. Stratos Wealth Partners LTD. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at $409,000. JPMorgan Chase & Co. grew its holdings in Fidelity Small-Mid Multifactor ETF by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after acquiring an additional 659 shares during the period. Principal Securities Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 88.7% in the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after acquiring an additional 851 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at about $248,000. Finally, FMR LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares in the last quarter.
Fidelity Small-Mid Multifactor ETF Price Performance
Shares of FSMD opened at $39.82 on Wednesday. The firm’s 50 day moving average is $41.24 and its 200-day moving average is $41.75. Fidelity Small-Mid Multifactor ETF has a 12-month low of $35.99 and a 12-month high of $45.16. The stock has a market capitalization of $1.02 billion, a P/E ratio of 16.87 and a beta of 1.08.
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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