Envestnet Asset Management Inc. Purchases 193,853 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Envestnet Asset Management Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 44.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 631,790 shares of the company’s stock after acquiring an additional 193,853 shares during the period. Envestnet Asset Management Inc. owned about 1.65% of Fidelity Small-Mid Multifactor ETF worth $26,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSMD. Advocacy Wealth Management Services LLC purchased a new position in Fidelity Small-Mid Multifactor ETF in the first quarter worth $28,174,000. LPL Financial LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 74.6% during the 1st quarter. LPL Financial LLC now owns 620,790 shares of the company’s stock valued at $24,310,000 after purchasing an additional 265,301 shares during the last quarter. Novem Group bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth $6,951,000. Fortitude Financial LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter worth about $6,093,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 56.1% in the 1st quarter. Cetera Investment Advisers now owns 375,075 shares of the company’s stock worth $14,688,000 after buying an additional 134,872 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA FSMD opened at $43.21 on Tuesday. The company has a market capitalization of $1.78 billion, a PE ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week high of $45.16. The company has a 50-day simple moving average of $43.80 and a 200 day simple moving average of $41.99.

About Fidelity Small-Mid Multifactor ETF

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.