3,842 Shares in Fidelity Small-Mid Multifactor ETF $FSMD Acquired by Parallel Advisors LLC

Parallel Advisors LLC bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,842 shares of the company’s stock, valued at approximately $159,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 8,857.1% in the 1st quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock worth $49,000 after purchasing an additional 1,240 shares during the last quarter. Nova Wealth Management Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 45.8% in the 1st quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock worth $121,000 after purchasing an additional 970 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 216.9% in the 1st quarter. Cullen Frost Bankers Inc. now owns 6,237 shares of the company’s stock worth $244,000 after purchasing an additional 4,269 shares during the last quarter. CLG LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the 1st quarter worth approximately $270,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the 1st quarter worth approximately $303,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

FSMD opened at $44.19 on Tuesday. The business has a 50 day moving average price of $43.02 and a 200 day moving average price of $40.79. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $45.16. The firm has a market cap of $1.70 billion, a P/E ratio of 16.74 and a beta of 1.04.

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.