Diversified Portfolios Inc. Purchases New Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Diversified Portfolios Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,340 shares of the company’s stock, valued at approximately $467,000.

Several other institutional investors also recently bought and sold shares of FSMD. Parcion Private Wealth LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth $19,419,000. Commonwealth Equity Services LLC lifted its stake in Fidelity Small-Mid Multifactor ETF by 25.2% in the third quarter. Commonwealth Equity Services LLC now owns 1,476,600 shares of the company’s stock worth $61,131,000 after acquiring an additional 297,662 shares during the period. Systelligence LLC bought a new position in Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth about $11,754,000. Stratos Investment Management LLC increased its position in Fidelity Small-Mid Multifactor ETF by 27.0% during the 4th quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock valued at $9,117,000 after purchasing an additional 47,043 shares during the period. Finally, Fifth Third Securities Inc. bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at about $1,160,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $42.28 on Wednesday. The company has a 50 day moving average price of $42.38 and a 200-day moving average price of $41.60. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $35.88 and a fifty-two week high of $45.16. The stock has a market capitalization of $355.15 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.