Diversify Wealth Management LLC Buys New Stake in Fidelity Small-Mid Multifactor ETF $FSMD

Diversify Wealth Management LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,172 shares of the company’s stock, valued at approximately $680,000.

A number of other institutional investors also recently bought and sold shares of FSMD. Toth Financial Advisory Corp purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth about $33,000. Creative Financial Designs Inc. ADV lifted its stake in Fidelity Small-Mid Multifactor ETF by 283.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after purchasing an additional 721 shares during the last quarter. Portfolio Resources Advisor Group Inc. acquired a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $49,000. Finally, IFP Advisors Inc increased its stake in Fidelity Small-Mid Multifactor ETF by 96.3% in the third quarter. IFP Advisors Inc now owns 2,246 shares of the company’s stock valued at $99,000 after purchasing an additional 1,102 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

FSMD stock opened at $51.07 on Friday. Fidelity Small-Mid Multifactor ETF has a twelve month low of $40.79 and a twelve month high of $53.00. The company’s 50 day moving average is $50.74 and its two-hundred day moving average is $47.88. The stock has a market cap of $2.52 billion, a P/E ratio of 16.74 and a beta of 0.93.

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.