44,974 Shares in Fidelity Small-Mid Multifactor ETF $FSMD Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 44,974 shares of the company’s stock, valued at approximately $1,865,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in 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 acquiring an additional 616 shares during the period. Nova Wealth Management Inc. boosted its holdings in Fidelity Small-Mid Multifactor ETF by 45.8% in the 1st quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock worth $121,000 after acquiring an additional 970 shares during the period. First Horizon Advisors Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $121,000. Parallel Advisors LLC purchased a new position in Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $159,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at approximately $232,000.

Fidelity Small-Mid Multifactor ETF Trading Up 1.0%

Fidelity Small-Mid Multifactor ETF stock opened at $43.34 on Thursday. The stock has a market cap of $1.79 billion, a P/E ratio of 16.74 and a beta of 0.98. The stock has a 50 day moving average of $43.77 and a 200-day moving average of $42.04. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $45.16.

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.