Thoroughbred Financial Services LLC Acquires New Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Thoroughbred Financial Services LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,864 shares of the company’s stock, valued at approximately $488,000. Thoroughbred Financial Services LLC owned 0.14% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FSMD. Stratos Wealth Partners LTD. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter worth $409,000. JPMorgan Chase & Co. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after purchasing an additional 659 shares in the last quarter. Principal Securities Inc. boosted its stake in Fidelity Small-Mid Multifactor ETF by 88.7% in the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after purchasing an additional 851 shares during the period. Private Advisor Group LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at about $248,000. Finally, FMR LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the third quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after buying an additional 1,029 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 4.8 %

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $35.62 on Monday. The company’s 50-day moving average price is $40.58 and its 200-day moving average price is $41.67. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 15.41 and a beta of 0.99. Fidelity Small-Mid Multifactor ETF has a 12-month low of $35.19 and a 12-month 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.