Atria Investments Inc acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 375,662 shares of the company’s stock, valued at approximately $15,579,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FSMD. IFP Advisors Inc raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 116.7% during the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock worth $47,000 after purchasing an additional 616 shares during the last quarter. Nova Wealth Management Inc. grew its position in 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 worth $121,000 after purchasing an additional 970 shares during the period. Parallel Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at about $159,000. BKM Wealth Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at about $232,000. Finally, Focus Financial Network Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at about $248,000.
Fidelity Small-Mid Multifactor ETF Trading Down 1.0%
Shares of NYSEARCA:FSMD opened at $43.36 on Thursday. Fidelity Small-Mid Multifactor ETF has a 12-month low of $33.95 and a 12-month high of $45.16. The business has a 50 day moving average of $43.82 and a two-hundred day moving average of $41.83. The company has a market capitalization of $1.80 billion, a PE ratio of 16.74 and a beta of 0.98.
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.
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Want to see what other hedge funds are holding FSMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report).
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