Cedar Point Capital Partners LLC Has $750,000 Stock Position in Fidelity Small-Mid Multifactor ETF $FSMD

Cedar Point Capital Partners LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 4.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 19,152 shares of the company’s stock after buying an additional 830 shares during the period. Cedar Point Capital Partners LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FSMD. Bank of Montreal Can raised its holdings in Fidelity Small-Mid Multifactor ETF by 74.5% during the 4th quarter. Bank of Montreal Can now owns 820 shares of the company’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Fidelity Small-Mid Multifactor ETF by 8,857.1% during the 1st quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock worth $49,000 after purchasing an additional 1,240 shares in the last quarter. MGO One Seven LLC bought a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth approximately $240,000. Cullen Frost Bankers Inc. increased its stake in Fidelity Small-Mid Multifactor ETF by 216.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 6,237 shares of the company’s stock worth $244,000 after purchasing an additional 4,269 shares in the last quarter. Finally, CLG LLC acquired a new position in Fidelity Small-Mid Multifactor ETF during the 1st quarter worth approximately $270,000.

Fidelity Small-Mid Multifactor ETF Trading Up 2.7%

NYSEARCA FSMD opened at $43.88 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 16.74 and a beta of 1.04. Fidelity Small-Mid Multifactor ETF has a 12 month low of $33.95 and a 12 month high of $45.16. The stock has a 50 day moving average of $41.97 and a 200-day moving average of $40.43.

About Fidelity Small-Mid Multifactor ETF

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.