Principle Wealth Partners LLC Invests $257,000 in Fidelity Small-Mid Multifactor ETF $FSMD

Principle Wealth Partners LLC bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,200 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 116.7% in the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock worth $47,000 after buying an additional 616 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of 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 valued at $49,000 after buying an additional 1,240 shares during the period. Nova Wealth Management Inc. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 45.8% during the 1st quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock valued at $121,000 after buying an additional 970 shares during the period. Parallel Advisors LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the second quarter valued at $159,000. Finally, BKM Wealth Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the second quarter valued at $232,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA FSMD opened at $43.86 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of 16.74 and a beta of 1.04. The business’s fifty day moving average is $43.73 and its 200 day moving average is $41.55. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $33.95 and a fifty-two week 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.