Riverbend Wealth Management LLC Takes Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Riverbend Wealth Management LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,046 shares of the company’s stock, valued at approximately $1,033,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Fidelity Small-Mid Multifactor ETF by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after purchasing an additional 659 shares during the last quarter. Silver Oak Securities Incorporated raised its holdings in Fidelity Small-Mid Multifactor ETF by 10.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 7,336 shares of the company’s stock valued at $302,000 after buying an additional 667 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth approximately $29,000. Principal Securities Inc. boosted its position in Fidelity Small-Mid Multifactor ETF by 88.7% during the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after buying an additional 851 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Fidelity Small-Mid Multifactor ETF by 105.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,968 shares of the company’s stock worth $81,000 after acquiring an additional 1,010 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

FSMD stock opened at $38.74 on Tuesday. The company has a market capitalization of $790.30 million, a P/E ratio of 17.43 and a beta of 1.08. The company has a fifty day moving average price of $41.71 and a 200-day moving average price of $41.84. Fidelity Small-Mid Multifactor ETF has a 52-week low of $35.99 and a 52-week 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.