Bank of America Corp DE Acquires 270,337 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Bank of America Corp DE lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 200.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,159 shares of the company’s stock after buying an additional 270,337 shares during the period. Bank of America Corp DE owned about 4.82% of Fidelity Small-Mid Multifactor ETF worth $16,680,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in Fidelity Small-Mid Multifactor ETF by 18.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,750,856 shares of the company’s stock worth $72,083,000 after acquiring an additional 274,256 shares in the last quarter. Parcion Private Wealth LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 4.7% in the 4th quarter. Parcion Private Wealth LLC now owns 491,316 shares of the company’s stock valued at $20,227,000 after purchasing an additional 22,250 shares during the period. Systelligence LLC lifted its stake in Fidelity Small-Mid Multifactor ETF by 38.8% in the 4th quarter. Systelligence LLC now owns 394,093 shares of the company’s stock valued at $16,225,000 after purchasing an additional 110,174 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Small-Mid Multifactor ETF by 13.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 382,382 shares of the company’s stock valued at $15,743,000 after purchasing an additional 44,662 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth about $14,780,000.

Fidelity Small-Mid Multifactor ETF Stock Down 0.0%

NYSEARCA:FSMD opened at $41.18 on Wednesday. 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 market capitalization of $1.54 billion, a price-to-earnings ratio of 16.63 and a beta of 0.98. The stock’s 50 day moving average price is $38.52 and its two-hundred day moving average price is $40.96.

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.