Northwestern Mutual Wealth Management Co. Sells 123,208 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 37.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,496 shares of the company’s stock after selling 123,208 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.46% of Fidelity Small-Mid Multifactor ETF worth $8,936,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FSMD. CLG LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 4.3% in the second quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after buying an additional 298 shares during the period. Spire Wealth Management raised its stake in Fidelity Small-Mid Multifactor ETF by 1.6% in the fourth quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock valued at $984,000 after buying an additional 352 shares during the period. Merit Financial Group LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 3.4% in the third quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock valued at $542,000 after buying an additional 410 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 1.1% in the third quarter. Wealthcare Advisory Partners LLC now owns 37,486 shares of the company’s stock valued at $1,650,000 after buying an additional 418 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Fidelity Small-Mid Multifactor ETF by 4.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,036 shares of the company’s stock valued at $487,000 after buying an additional 471 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 0.9%

NYSEARCA:FSMD opened at $49.42 on Friday. The stock’s 50 day moving average price is $47.07 and its two-hundred day moving average price is $45.87. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 12-month low of $39.61 and a 12-month high of $50.44.

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.