Van Hulzen Asset Management LLC Decreases Position in Fidelity Small-Mid Multifactor ETF $FSMD

Van Hulzen Asset Management LLC lessened its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 42.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,753 shares of the company’s stock after selling 33,961 shares during the period. Van Hulzen Asset Management LLC owned about 0.09% of Fidelity Small-Mid Multifactor ETF worth $2,471,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at approximately $33,000. Global Assets Advisory LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at approximately $35,000. Creative Financial Designs Inc. ADV boosted its stake in Fidelity Small-Mid Multifactor ETF by 283.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after purchasing an additional 721 shares during the last quarter. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at $49,000.

Fidelity Small-Mid Multifactor ETF Trading Down 0.9%

Fidelity Small-Mid Multifactor ETF stock opened at $50.71 on Thursday. Fidelity Small-Mid Multifactor ETF has a 12 month low of $41.86 and a 12 month high of $53.48. The stock has a fifty day simple moving average of $51.52 and a two-hundred day simple moving average of $49.40. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93.

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.