Envestnet Asset Management Inc. Purchases 62,737 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Envestnet Asset Management Inc. boosted its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 694,527 shares of the company’s stock after purchasing an additional 62,737 shares during the period. Envestnet Asset Management Inc. owned about 1.68% of Fidelity Small-Mid Multifactor ETF worth $30,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSMD. Thrivent Financial for Lutherans purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth approximately $3,502,000. FSA Wealth Partners Inc. bought a new position in Fidelity Small-Mid Multifactor ETF in the third quarter worth approximately $5,571,000. Hicks Capital Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth $1,115,000. Golden State Wealth Management LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 16.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 52,411 shares of the company’s stock worth $2,307,000 after purchasing an additional 7,437 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Fidelity Small-Mid Multifactor ETF by 12.9% during the third quarter. Foundations Investment Advisors LLC now owns 34,172 shares of the company’s stock valued at $1,504,000 after purchasing an additional 3,900 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Up 0.1%

Shares of FSMD opened at $47.29 on Thursday. The business has a 50-day simple moving average of $45.50 and a two-hundred day simple moving average of $44.13. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $47.79. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98.

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.