Van Hulzen Asset Management LLC cut its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) by 42.1% in the second quarter, HoldingsChannel.com reports. The fund owned 46,753 shares of the company’s stock after selling 33,961 shares during the period. Van Hulzen Asset Management LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $2,471,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $27,000. Global Assets Advisory LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the 1st quarter worth approximately $35,000. EverSource Wealth Advisors LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $33,000. Creative Financial Designs Inc. ADV raised its stake in Fidelity Small-Mid Multifactor ETF by 283.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after buying an additional 721 shares during the last quarter. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at $49,000.
Fidelity Small-Mid Multifactor ETF Price Performance
FSMD stock opened at $50.71 on Thursday. Fidelity Small-Mid Multifactor ETF has a 1 year low of $41.86 and a 1 year high of $53.48. The company has a market cap of $2.51 billion, a P/E ratio of 16.74 and a beta of 0.93. The stock’s fifty day moving average price is $51.52 and its 200-day moving average price is $49.40.
About Fidelity Small-Mid Multifactor ETF
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.
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Want to see what other hedge funds are holding FSMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report).
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