FSA Wealth Partners Inc. Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

FSA Wealth Partners Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,585 shares of the company’s stock, valued at approximately $5,571,000. Fidelity Small-Mid Multifactor ETF accounts for approximately 2.1% of FSA Wealth Partners Inc.’s portfolio, making the stock its 13th largest holding. FSA Wealth Partners Inc. owned approximately 0.31% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FSMD. Root Financial Partners LLC bought a new stake in Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at approximately $27,000. Allworth Financial LP lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 80.7% during the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after buying an additional 305 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the second quarter valued at approximately $33,000. IFP Advisors Inc grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 116.7% in the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock worth $47,000 after acquiring an additional 616 shares during the last quarter. Finally, Financial Consulate Inc. bought a new position in Fidelity Small-Mid Multifactor ETF during the third quarter worth $105,000.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA:FSMD opened at $45.70 on Friday. Fidelity Small-Mid Multifactor ETF has a one year low of $33.95 and a one year high of $46.92. The company has a fifty day moving average price of $45.08 and a 200 day moving average price of $43.87. The stock has a market cap of $2.02 billion, a P/E 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.