Great Valley Advisor Group Inc. Makes New Investment in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

Great Valley Advisor Group Inc. acquired a new stake in shares of Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,581 shares of the company’s stock, valued at approximately $420,000. Great Valley Advisor Group Inc. owned about 0.33% of Fidelity Small-Mid Factor ETF as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Fidelity Small-Mid Factor ETF during the 4th quarter valued at about $423,000. Cedar Point Capital Partners LLC purchased a new position in shares of Fidelity Small-Mid Factor ETF during the 4th quarter valued at $472,000. Harbour Investments Inc. grew its stake in Fidelity Small-Mid Factor ETF by 272.9% in the third quarter. Harbour Investments Inc. now owns 13,168 shares of the company’s stock valued at $425,000 after purchasing an additional 9,637 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in Fidelity Small-Mid Factor ETF by 8.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 319,591 shares of the company’s stock worth $10,313,000 after purchasing an additional 25,923 shares during the last quarter.

Fidelity Small-Mid Factor ETF Trading Up 0.8 %

Shares of Fidelity Small-Mid Factor ETF stock opened at $37.56 on Monday. The stock has a market capitalization of $217.85 million, a price-to-earnings ratio of 13.50 and a beta of 0.98. Fidelity Small-Mid Factor ETF has a 1-year low of $30.30 and a 1-year high of $39.02. The firm has a fifty day simple moving average of $37.53 and a 200-day simple moving average of $35.59.

About Fidelity Small-Mid Factor 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.