Cedar Point Capital Partners LLC Acquires 1,529 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Cedar Point Capital Partners LLC grew its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,322 shares of the company’s stock after acquiring an additional 1,529 shares during the period. Cedar Point Capital Partners LLC owned 0.22% of Fidelity Small-Mid Multifactor ETF worth $754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FSMD. Parcion Private Wealth LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the third quarter valued at $19,419,000. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 25.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,476,600 shares of the company’s stock valued at $61,131,000 after buying an additional 297,662 shares in the last quarter. Systelligence LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at approximately $11,754,000. Retirement Planning Group LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 8.4% in the 3rd quarter. Retirement Planning Group LLC now owns 2,294,135 shares of the company’s stock worth $94,977,000 after acquiring an additional 177,629 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,425 shares of the company’s stock worth $11,320,000 after acquiring an additional 70,750 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA:FSMD opened at $43.10 on Thursday. The firm’s 50 day simple moving average is $42.69 and its two-hundred day simple moving average is $41.27. The company has a market capitalization of $362.04 million, a P/E ratio of 14.18 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 1-year low of $35.53 and a 1-year high of $45.16.

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.