25,046 Shares in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Bought by Riverbend Wealth Management LLC

Riverbend Wealth Management LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,046 shares of the company’s stock, valued at approximately $1,033,000. Riverbend Wealth Management LLC owned 0.30% of Fidelity Small-Mid Multifactor ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Systelligence LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the third quarter valued at approximately $11,754,000. FMR LLC lifted its holdings in Fidelity Small-Mid Multifactor ETF by 126.6% in the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at $29,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Small-Mid Multifactor ETF by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after buying an additional 659 shares in the last quarter. Finally, Eastern Bank grew 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 worth $179,000 after buying an additional 2,331 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 2.1 %

NYSEARCA:FSMD opened at $38.74 on Tuesday. The company has a market cap of $790.30 million, a P/E ratio of 17.43 and a beta of 1.08. Fidelity Small-Mid Multifactor ETF has a twelve month low of $35.99 and a twelve month high of $45.16. The company’s 50-day moving average price is $41.71 and its 200-day moving average price is $41.84.

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.