Systelligence LLC Purchases Shares of 283,919 Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Systelligence LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 283,919 shares of the company’s stock, valued at approximately $11,754,000. Fidelity Small-Mid Multifactor ETF accounts for 2.9% of Systelligence LLC’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. J.W. Cole Advisors Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 7.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,760 shares of the company’s stock valued at $280,000 after purchasing an additional 468 shares during the period. Trademark Financial Management LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 2.6% in the second quarter. Trademark Financial Management LLC now owns 35,271 shares of the company’s stock valued at $1,329,000 after acquiring an additional 900 shares during the last quarter. Cedar Point Capital Partners LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 6.1% in the third quarter. Cedar Point Capital Partners LLC now owns 16,793 shares of the company’s stock valued at $695,000 after acquiring an additional 971 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Fidelity Small-Mid Multifactor ETF by 1.0% in the second quarter. Cetera Investment Advisers now owns 164,160 shares of the company’s stock valued at $6,186,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter valued at about $83,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA:FSMD opened at $44.38 on Tuesday. The stock’s 50-day simple moving average is $41.09 and its 200 day simple moving average is $39.43. The company has a market cap of $372.79 million, a P/E ratio of 14.18 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52-week low of $31.61 and a 52-week high of $44.54.

Fidelity Small-Mid Multifactor ETF Company 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.