BG Investment Services Inc. Buys 7,840 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

BG Investment Services Inc. increased its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,194 shares of the company’s stock after purchasing an additional 7,840 shares during the period. Fidelity Small-Mid Multifactor ETF makes up approximately 1.0% of BG Investment Services Inc.’s portfolio, making the stock its 19th biggest holding. BG Investment Services Inc. owned approximately 0.07% of Fidelity Small-Mid Multifactor ETF worth $947,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FSMD. Retirement Planning Group LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 34.7% in the first quarter. Retirement Planning Group LLC now owns 3,478,053 shares of the company’s stock worth $136,201,000 after purchasing an additional 895,658 shares during the last quarter. Advocacy Wealth Management Services LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the first quarter worth approximately $28,174,000. Raymond James Financial Inc. purchased a new stake in Fidelity Small-Mid Multifactor ETF in the fourth quarter worth approximately $14,780,000. Bank of America Corp DE boosted its stake in Fidelity Small-Mid Multifactor ETF by 200.5% in the fourth quarter. Bank of America Corp DE now owns 405,159 shares of the company’s stock worth $16,680,000 after buying an additional 270,337 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Fidelity Small-Mid Multifactor ETF by 4,745.2% in the fourth quarter. Stifel Financial Corp now owns 259,414 shares of the company’s stock worth $10,680,000 after buying an additional 254,060 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of FSMD opened at $42.54 on Thursday. The firm has a market cap of $1.62 billion, a P/E ratio of 16.74 and a beta of 1.04. The stock has a 50 day simple moving average of $41.21 and a two-hundred day simple moving average of $40.40. Fidelity Small-Mid Multifactor ETF has a 1 year low of $33.95 and a 1 year 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.