Diversify Wealth Management LLC Invests $680,000 in Fidelity Small-Mid Multifactor ETF $FSMD

Diversify Wealth Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the first quarter, HoldingsChannel reports. The fund bought 14,172 shares of the company’s stock, valued at approximately $680,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Fidelity Small-Mid Multifactor ETF by 464.9% during the first quarter. Fifth Third Bancorp now owns 2,689 shares of the company’s stock worth $120,000 after buying an additional 2,213 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 14.4% in the first quarter. Kestra Advisory Services LLC now owns 558,311 shares of the company’s stock valued at $24,968,000 after acquiring an additional 70,166 shares during the period. Money Concepts Capital Corp grew its position in shares of Fidelity Small-Mid Multifactor ETF by 73.1% during the first quarter. Money Concepts Capital Corp now owns 31,926 shares of the company’s stock worth $1,428,000 after acquiring an additional 13,480 shares during the last quarter. WBH Advisory Inc. purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the first quarter worth approximately $300,000. Finally, Private Advisor Group LLC grew its position in shares of Fidelity Small-Mid Multifactor ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 15,717 shares of the company’s stock worth $703,000 after acquiring an additional 1,004 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD stock opened at $51.07 on Friday. The company has a fifty day moving average price of $50.74 and a 200 day moving average price of $47.88. Fidelity Small-Mid Multifactor ETF has a 12 month low of $40.79 and a 12 month high of $53.00. The company has a market cap of $2.52 billion, a price-to-earnings 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.