Parcion Private Wealth LLC Purchases 22,250 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Parcion Private Wealth LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 491,316 shares of the company’s stock after purchasing an additional 22,250 shares during the period. Fidelity Small-Mid Multifactor ETF accounts for approximately 1.5% of Parcion Private Wealth LLC’s holdings, making the stock its 17th largest position. Parcion Private Wealth LLC owned about 5.85% of Fidelity Small-Mid Multifactor ETF worth $20,227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FSMD. Systelligence LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 38.8% during the 4th quarter. Systelligence LLC now owns 394,093 shares of the company’s stock worth $16,225,000 after acquiring an additional 110,174 shares during the period. Stratos Investment Management LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 27.0% in the fourth quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock valued at $9,117,000 after purchasing an additional 47,043 shares during the last quarter. Sterling Manor Financial LLC grew its stake in Fidelity Small-Mid Multifactor ETF by 6.9% in the 3rd quarter. Sterling Manor Financial LLC now owns 201,041 shares of the company’s stock valued at $8,323,000 after buying an additional 13,059 shares during the last quarter. Trademark Financial Management LLC lifted its position in Fidelity Small-Mid Multifactor ETF by 76.4% during the fourth quarter. Trademark Financial Management LLC now owns 53,599 shares of the company’s stock worth $2,207,000 after acquiring an additional 23,214 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 101.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,185 shares of the company’s stock worth $1,202,000 after acquiring an additional 14,726 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 0.3 %

Shares of NYSEARCA FSMD opened at $42.50 on Thursday. The business’s 50 day moving average is $42.14 and its 200-day moving average is $41.69. The firm has a market cap of $357 million, a P/E ratio of 14.18 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 1-year low of $35.99 and a 1-year high of $45.16.

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.