Envestnet Asset Management Inc. Buys 55,555 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,937 shares of the company’s stock after purchasing an additional 55,555 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.20% of Fidelity Small-Mid Multifactor ETF worth $17,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Retirement Planning Group LLC raised its holdings in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter worth approximately $14,780,000. Bank of America Corp DE grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 200.5% during the fourth quarter. Bank of America Corp DE now owns 405,159 shares of the company’s stock valued at $16,680,000 after buying an additional 270,337 shares during the last quarter. Stifel Financial Corp grew its position in shares of Fidelity Small-Mid Multifactor ETF by 4,745.2% during the 4th 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. Finally, LPL Financial LLC grew its stake in Fidelity Small-Mid Multifactor ETF by 188.9% in the fourth quarter. LPL Financial LLC now owns 355,489 shares of the company’s stock valued at $14,635,000 after purchasing an additional 232,426 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of FSMD opened at $42.14 on Friday. The firm has a market capitalization of $1.61 billion, a PE ratio of 16.74 and a beta of 1.04. The company’s fifty day moving average price is $41.08 and its 200-day moving average price is $40.38. 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 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.