Parcion Private Wealth LLC Buys 22,250 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Parcion Private Wealth LLC lifted its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 4.7% during the 4th quarter, HoldingsChannel reports. The fund owned 491,316 shares of the company’s stock after purchasing an additional 22,250 shares during the period. Fidelity Small-Mid Multifactor ETF comprises approximately 1.5% of Parcion Private Wealth LLC’s portfolio, making the stock its 17th largest holding. Parcion Private Wealth LLC owned 0.06% of Fidelity Small-Mid Multifactor ETF worth $20,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSMD. J.W. Cole Advisors Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF by 7.4% in 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 during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity Small-Mid Multifactor ETF by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after buying an additional 659 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 10.0% in the fourth 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 period. Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the third quarter worth about $29,000. Finally, Principal Securities Inc. lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 88.7% in the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after acquiring an additional 851 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA:FSMD opened at $42.50 on Thursday. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $35.99 and a fifty-two week high of $45.16. The company has a 50 day simple moving average of $42.14 and a two-hundred day simple moving average of $41.69. The company has a market capitalization of $357 million, a PE ratio of 14.18 and a beta of 0.98.

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.