Focus Financial Network Inc. Takes $248,000 Position in Fidelity Small-Mid Multifactor ETF $FSMD

Focus Financial Network Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,977 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors also recently added to or reduced their stakes in FSMD. Sunbelt Securities Inc. grew its holdings in 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 worth $49,000 after acquiring an additional 1,240 shares in the last quarter. Nova Wealth Management Inc. raised its position in 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 last quarter. Parallel Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at approximately $159,000. Cullen Frost Bankers Inc. increased its holdings 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 valued at $244,000 after purchasing an additional 4,269 shares in the last quarter. Finally, CLG LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at $270,000.

Fidelity Small-Mid Multifactor ETF Stock Down 1.5%

Shares of FSMD opened at $44.02 on Monday. The firm’s fifty day moving average is $42.98 and its two-hundred day moving average is $40.76. The stock has a market cap of $1.69 billion, a PE ratio of 16.74 and a beta of 1.04. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week 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.