BG Investment Services Inc. Sells 8,139 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

BG Investment Services Inc. reduced its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 33.6% in the second quarter, Holdings Channel.com reports. The fund owned 16,055 shares of the company’s stock after selling 8,139 shares during the period. Fidelity Small-Mid Multifactor ETF makes up approximately 0.8% of BG Investment Services Inc.’s portfolio, making the stock its 25th biggest position. BG Investment Services Inc.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $232,000. Systelligence LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 4.0% in the second quarter. Systelligence LLC now owns 411,287 shares of the company’s stock valued at $17,056,000 after acquiring an additional 15,844 shares during the last quarter. Riverbend Wealth Management LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 1.6% in the second quarter. Riverbend Wealth Management LLC now owns 27,058 shares of the company’s stock valued at $1,122,000 after acquiring an additional 430 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 15.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,795 shares of the company’s stock valued at $862,000 after purchasing an additional 2,719 shares in the last quarter. Finally, CWM LLC lifted its stake in Fidelity Small-Mid Multifactor ETF by 94.5% during the second quarter. CWM LLC now owns 6,845 shares of the company’s stock worth $284,000 after purchasing an additional 3,326 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 1.2%

FSMD opened at $43.66 on Tuesday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 16.74 and a beta of 1.04. The stock has a 50-day moving average price of $43.68 and a 200-day moving average price of $41.46. Fidelity Small-Mid Multifactor ETF has a 12-month low of $33.95 and a 12-month 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.