Envestnet Portfolio Solutions Inc. Buys 2,719 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Envestnet Portfolio Solutions Inc. grew its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,795 shares of the company’s stock after acquiring an additional 2,719 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.05% of Fidelity Small-Mid Multifactor ETF worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 116.7% in the second 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 last quarter. Sunbelt Securities Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 8,857.1% in the first quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock worth $49,000 after acquiring an additional 1,240 shares during the last quarter. Nova Wealth Management Inc. grew its position 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 worth $121,000 after buying an additional 970 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth approximately $159,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of Fidelity Small-Mid Multifactor ETF by 216.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 6,237 shares of the company’s stock worth $244,000 after buying an additional 4,269 shares during the period.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA:FSMD opened at $43.16 on Monday. Fidelity Small-Mid Multifactor ETF has a one year low of $33.95 and a one year high of $45.16. The company has a 50 day moving average of $43.64 and a 200-day moving average of $41.40. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 16.74 and a beta of 1.04.

Fidelity Small-Mid Multifactor ETF Company 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.