Independent Financial Group LLC Takes Position in Fidelity Small-Mid Multifactor ETF $FSMD

Independent Financial Group LLC bought a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,133 shares of the company’s stock, valued at approximately $1,303,000. Independent Financial Group LLC owned 0.06% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth about $28,000. Global Assets Advisory LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at approximately $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $33,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 283.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after buying an additional 721 shares in the last quarter. Finally, Portfolio Resources Advisor Group Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter worth approximately $49,000.

Fidelity Small-Mid Multifactor ETF Price Performance

Fidelity Small-Mid Multifactor ETF stock opened at $50.52 on Tuesday. The business has a 50 day simple moving average of $50.77 and a 200 day simple moving average of $47.97. The company has a market capitalization of $2.49 billion, a PE ratio of 16.74 and a beta of 0.93. Fidelity Small-Mid Multifactor ETF has a one year low of $40.79 and a one year high of $53.00.

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.