Principle Wealth Partners LLC Takes $257,000 Position in Fidelity Small-Mid Multifactor ETF $FSMD

Principle Wealth Partners LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,200 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 116.7% during the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after purchasing an additional 616 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 8,857.1% during the 1st quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock valued at $49,000 after purchasing an additional 1,240 shares during the last quarter. Nova Wealth Management Inc. lifted its holdings 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 valued at $121,000 after purchasing an additional 970 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $159,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $232,000.

Fidelity Small-Mid Multifactor ETF Trading Up 0.8%

Shares of FSMD opened at $43.86 on Friday. Fidelity Small-Mid Multifactor ETF has a 12 month low of $33.95 and a 12 month high of $45.16. The stock has a fifty day moving average price of $43.73 and a 200-day moving average price of $41.55. The firm has a market cap of $1.82 billion, a PE ratio of 16.74 and a beta of 1.04.

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.