Retirement Planning Group LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Retirement Planning Group LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,764,974 shares of the company’s stock, valued at approximately $283,464,000. Fidelity Small-Mid Multifactor ETF makes up 6.5% of Retirement Planning Group LLC’s holdings, making the stock its 4th largest holding. Retirement Planning Group LLC owned about 11.30% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,369,532 shares of the company’s stock valued at $125,230,000 after acquiring an additional 260,764 shares in the last quarter. Bank of America Corp DE grew its position in Fidelity Small-Mid Multifactor ETF by 12.5% during the 1st quarter. Bank of America Corp DE now owns 1,277,438 shares of the company’s stock worth $57,127,000 after acquiring an additional 141,664 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 94.5% in the 1st quarter. Sanctuary Advisors LLC now owns 841,578 shares of the company’s stock worth $37,635,000 after purchasing an additional 408,953 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 14.4% in the 1st quarter. Kestra Advisory Services LLC now owns 558,311 shares of the company’s stock worth $24,968,000 after purchasing an additional 70,166 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 22.2% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 317,635 shares of the company’s stock worth $14,205,000 after purchasing an additional 57,652 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.0%

Fidelity Small-Mid Multifactor ETF stock opened at $49.34 on Tuesday. The company has a market capitalization of $2.52 billion, a PE ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 12 month low of $41.86 and a 12 month high of $53.48. The stock has a 50-day moving average price of $50.73 and a two-hundred day moving average price of $50.28.

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.