Goldstone Financial Group LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Goldstone Financial Group LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 317,046 shares of the company’s stock, valued at approximately $13,953,000. Fidelity Small-Mid Multifactor ETF makes up 1.7% of Goldstone Financial Group LLC’s portfolio, making the stock its 13th largest position.

A number of other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in Fidelity Small-Mid Multifactor ETF by 20.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,208,276 shares of the company’s stock valued at $91,577,000 after purchasing an additional 377,640 shares in the last quarter. Atria Investments Inc bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at $15,579,000. Bank of America Corp DE raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 30.6% during the 2nd quarter. Bank of America Corp DE now owns 1,116,813 shares of the company’s stock worth $46,314,000 after buying an additional 261,808 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 44.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock worth $26,200,000 after buying an additional 193,853 shares in the last quarter. Finally, Novem Group bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth $6,951,000.

Fidelity Small-Mid Multifactor ETF Stock Down 0.0%

NYSEARCA:FSMD opened at $45.07 on Monday. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $45.55. The stock’s 50-day simple moving average is $43.90 and its 200 day simple moving average is $43.16. The firm has a market capitalization of $1.86 billion, a PE ratio of 16.74 and a beta of 0.98.

Fidelity Small-Mid Multifactor ETF 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.