Diversified Portfolios Inc. Acquires New Shares in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Diversified Portfolios Inc. bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,340 shares of the company’s stock, valued at approximately $467,000. Diversified Portfolios Inc. owned approximately 0.14% of Fidelity Small-Mid Multifactor ETF at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. J.W. Cole Advisors Inc. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,760 shares of the company’s stock valued at $280,000 after buying an additional 468 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Small-Mid Multifactor ETF by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after acquiring an additional 659 shares during the period. Silver Oak Securities Incorporated boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 10.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 7,336 shares of the company’s stock valued at $302,000 after acquiring an additional 667 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth approximately $29,000. Finally, Cedar Point Capital Partners LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 6.1% during the third quarter. Cedar Point Capital Partners LLC now owns 16,793 shares of the company’s stock valued at $695,000 after purchasing an additional 971 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Down 0.3 %

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $42.28 on Wednesday. Fidelity Small-Mid Multifactor ETF has a twelve month low of $35.88 and a twelve month high of $45.16. The company has a market cap of $355.15 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. The company’s 50 day moving average is $42.38 and its 200 day moving average is $41.60.

Fidelity Small-Mid Multifactor ETF 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.