Hicks Capital Management LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Hicks Capital Management LLC bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 25,338 shares of the company’s stock, valued at approximately $1,115,000. Fidelity Small-Mid Multifactor ETF accounts for approximately 1.8% of Hicks Capital Management LLC’s investment portfolio, making the stock its 15th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at about $27,000. Allworth Financial LP raised its stake in Fidelity Small-Mid Multifactor ETF by 80.7% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after buying an additional 305 shares during the period. EverSource Wealth Advisors LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the second quarter worth approximately $33,000. IFP Advisors Inc grew its stake in Fidelity Small-Mid Multifactor ETF by 116.7% in the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after acquiring an additional 616 shares during the period. Finally, Financial Consulate Inc. bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the third quarter valued at approximately $105,000.

Fidelity Small-Mid Multifactor ETF Stock Up 0.3%

Shares of FSMD opened at $45.96 on Friday. The business’s fifty day moving average is $45.02 and its 200 day moving average is $43.83. Fidelity Small-Mid Multifactor ETF has a 12-month low of $33.95 and a 12-month high of $46.92. The stock has a market cap of $2.03 billion, a P/E ratio of 16.74 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.