20,568 Shares of Fidelity Small-Mid Multifactor ETF $FSMD Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,568 shares of the company’s stock, valued at approximately $1,011,000.

Several other institutional investors also recently modified their holdings of FSMD. Western Wealth Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter worth $32,000. Global Assets Advisory LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter worth $35,000. Allworth Financial LP increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 28.0% in the 2nd quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock worth $105,000 after buying an additional 435 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Fidelity Small-Mid Multifactor ETF by 464.9% during the 1st quarter. Fifth Third Bancorp now owns 2,689 shares of the company’s stock valued at $120,000 after buying an additional 2,213 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 0.5%

Shares of Fidelity Small-Mid Multifactor ETF stock traded up $0.25 on Thursday, hitting $49.62. 71,089 shares of the company traded hands, compared to its average volume of 137,984. Fidelity Small-Mid Multifactor ETF has a 12-month low of $41.86 and a 12-month high of $53.48. The company has a market cap of $2.52 billion, a P/E ratio of 16.74 and a beta of 0.94. The firm’s 50-day simple moving average is $50.89 and its 200 day simple moving average is $50.16.

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.