International Assets Investment Management LLC Purchases New Position in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

International Assets Investment Management LLC purchased a new stake in shares of Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,666 shares of the company’s stock, valued at approximately $423,000. International Assets Investment Management LLC owned about 0.33% of Fidelity Small-Mid Factor ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in Fidelity Small-Mid Factor ETF by 11.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 803,525 shares of the company’s stock worth $25,930,000 after acquiring an additional 81,661 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Fidelity Small-Mid Factor ETF by 8.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 319,591 shares of the company’s stock worth $10,313,000 after acquiring an additional 25,923 shares during the last quarter. AE Wealth Management LLC grew its holdings in Fidelity Small-Mid Factor ETF by 24.6% during the 3rd quarter. AE Wealth Management LLC now owns 30,700 shares of the company’s stock worth $991,000 after acquiring an additional 6,067 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in Fidelity Small-Mid Factor ETF by 272.9% during the 3rd quarter. Harbour Investments Inc. now owns 13,168 shares of the company’s stock worth $425,000 after acquiring an additional 9,637 shares during the last quarter.

Fidelity Small-Mid Factor ETF Price Performance

FSMD opened at $36.92 on Friday. Fidelity Small-Mid Factor ETF has a fifty-two week low of $30.30 and a fifty-two week high of $39.02. The firm has a market capitalization of $214.14 million, a price-to-earnings ratio of 13.50 and a beta of 0.98. The company’s 50 day moving average price is $37.50 and its two-hundred day moving average price is $35.33.

Fidelity Small-Mid Factor ETF Company 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.