Noble Wealth Management PBC Makes New Investment in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Noble Wealth Management PBC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FSMD. Systelligence LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at approximately $11,754,000. Provident Wealth Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth $6,334,000. Stratos Investment Management LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 27.0% in the fourth quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock worth $9,117,000 after purchasing an additional 47,043 shares during the last quarter. Fifth Third Securities Inc. bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at $1,160,000. Finally, Trademark Financial Management LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 76.4% during the fourth quarter. Trademark Financial Management LLC now owns 53,599 shares of the company’s stock valued at $2,207,000 after buying an additional 23,214 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA:FSMD opened at $40.95 on Friday. The firm has a market cap of $343.98 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. The business has a 50-day simple moving average of $41.95 and a two-hundred day simple moving average of $41.80. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $35.99 and a fifty-two 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.