Thoroughbred Financial Services LLC Takes $488,000 Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Thoroughbred Financial Services LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,864 shares of the company’s stock, valued at approximately $488,000.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at about $14,780,000. Commonwealth Equity Services LLC boosted its position in Fidelity Small-Mid Multifactor ETF by 18.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,750,856 shares of the company’s stock valued at $72,083,000 after acquiring an additional 274,256 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 188.9% in the 4th quarter. LPL Financial LLC now owns 355,489 shares of the company’s stock valued at $14,635,000 after acquiring an additional 232,426 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter worth $9,298,000. Finally, Provident Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter worth $6,334,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA:FSMD opened at $35.62 on Monday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 15.41 and a beta of 0.99. The company’s 50-day simple moving average is $40.58 and its 200-day simple moving average is $41.67. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $35.19 and a fifty-two week 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.