Cedar Point Capital Partners LLC Acquires 1,529 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Cedar Point Capital Partners LLC increased its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,322 shares of the company’s stock after purchasing an additional 1,529 shares during the period. Cedar Point Capital Partners LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $754,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth $29,000. FMR LLC lifted its stake in Fidelity Small-Mid Multifactor ETF by 126.6% in the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock worth $76,000 after purchasing an additional 1,029 shares in the last quarter. Eastern Bank bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at about $83,000. J.W. Cole Advisors Inc. grew its position in shares of Fidelity Small-Mid Multifactor ETF by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,760 shares of the company’s stock valued at $280,000 after purchasing an additional 468 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 worth $288,000 after purchasing an additional 659 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.3 %

NYSEARCA:FSMD opened at $43.10 on Thursday. The company has a market capitalization of $362.04 million, a P/E ratio of 14.18 and a beta of 0.98. The business’s 50-day moving average is $42.69 and its 200 day moving average is $41.27. Fidelity Small-Mid Multifactor ETF has a 12 month low of $35.53 and a 12 month high of $45.16.

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.