Independent Financial Group LLC Invests $1.30 Million in Fidelity Small-Mid Multifactor ETF $FSMD

Independent Financial Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,133 shares of the company’s stock, valued at approximately $1,303,000.

A number of other institutional investors have also made changes to their positions in FSMD. GEN Financial Management INC. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter worth approximately $13,180,000. Emerald Advisors LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 323.7% in the 4th quarter. Emerald Advisors LLC now owns 30,720 shares of the company’s stock valued at $1,356,000 after buying an additional 23,470 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,968 shares of the company’s stock valued at $15,135,000 after buying an additional 17,264 shares in the last quarter. Money Concepts Capital Corp bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at $814,000. Finally, Farther Finance Advisors LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 7.8% during the fourth quarter. Farther Finance Advisors LLC now owns 194,891 shares of the company’s stock worth $8,601,000 after buying an additional 14,173 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.5%

NYSEARCA FSMD opened at $50.52 on Tuesday. The firm’s fifty day moving average price is $50.77 and its two-hundred day moving average price is $47.97. Fidelity Small-Mid Multifactor ETF has a 1 year low of $40.79 and a 1 year high of $53.00. The firm has a market capitalization of $2.49 billion, a P/E ratio of 16.74 and a beta of 0.93.

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.