AssuredPartners Investment Advisors LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

AssuredPartners Investment Advisors LLC bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 225,841 shares of the company’s stock, valued at approximately $9,298,000. Fidelity Small-Mid Multifactor ETF makes up about 1.8% of AssuredPartners Investment Advisors LLC’s holdings, making the stock its 8th largest position. AssuredPartners Investment Advisors LLC owned about 2.69% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Fidelity Small-Mid Multifactor ETF in the 3rd quarter worth about $29,000. Kestra Investment Management LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth approximately $53,000. Noble Wealth Management PBC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth approximately $54,000. Principal Securities Inc. lifted its position in Fidelity Small-Mid Multifactor ETF by 88.7% during the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after purchasing an additional 851 shares during the period. Finally, FMR LLC lifted its position in Fidelity Small-Mid Multifactor ETF by 126.6% during the third quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 0.5 %

NYSEARCA:FSMD opened at $39.63 on Thursday. The company has a market cap of $1.01 billion, a PE ratio of 16.87 and a beta of 1.08. The company has a 50 day simple moving average of $41.19 and a two-hundred day simple moving average of $41.73. Fidelity Small-Mid Multifactor ETF has a 12 month low of $35.99 and a 12 month high of $45.16.

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.