JPMorgan Chase & Co. Boosts Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

JPMorgan Chase & Co. lifted its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,454 shares of the company’s stock after purchasing an additional 1,506 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Fidelity Small-Mid Multifactor ETF worth $348,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FSMD. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the third quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth approximately $53,000. Noble Wealth Management PBC purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth approximately $54,000. Principal Securities Inc. increased its stake in Fidelity Small-Mid Multifactor ETF by 88.7% during the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after purchasing an additional 851 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 105.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,968 shares of the company’s stock worth $81,000 after buying an additional 1,010 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 2.2 %

NYSEARCA:FSMD opened at $39.28 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of 16.32 and a beta of 0.99. Fidelity Small-Mid Multifactor ETF has a 12 month low of $33.95 and a 12 month high of $45.16. The firm has a fifty day simple moving average of $38.36 and a 200-day simple moving average of $41.06.

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.