Principal Securities Inc. Purchases 851 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Principal Securities Inc. raised its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 88.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,810 shares of the company’s stock after acquiring an additional 851 shares during the quarter. Principal Securities Inc.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $75,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FSMD. Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the third quarter valued at about $29,000. FMR LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the third quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares during the period. Eastern Bank raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 115.7% during the fourth quarter. Eastern Bank now owns 4,345 shares of the company’s stock valued at $179,000 after purchasing an additional 2,331 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at about $207,000. Finally, Prairie Wealth Advisors Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at about $216,000.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD opened at $41.01 on Thursday. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $35.99 and a fifty-two week high of $45.16. The firm has a market capitalization of $344.48 million, a PE ratio of 14.18 and a beta of 0.98. The company’s 50-day moving average is $41.98 and its 200 day moving average is $41.80.

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.