Envestnet Portfolio Solutions Inc. Has $638,000 Stock Holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Envestnet Portfolio Solutions Inc. grew its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 51.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,491 shares of the company’s stock after buying an additional 5,294 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.18% of Fidelity Small-Mid Multifactor ETF worth $638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% in the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after acquiring an additional 1,029 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter worth $29,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after purchasing an additional 659 shares in the last quarter. Eastern Bank boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 115.7% during the fourth quarter. Eastern Bank now owns 4,345 shares of the company’s stock worth $179,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Cedar Point Capital Partners LLC grew its holdings in shares of Fidelity Small-Mid Multifactor ETF by 9.1% in the 4th quarter. Cedar Point Capital Partners LLC now owns 18,322 shares of the company’s stock valued at $754,000 after buying an additional 1,529 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $39.90 on Tuesday. The firm has a market capitalization of $1.02 billion, a PE ratio of 16.87 and a beta of 1.08. The stock has a 50 day simple moving average of $41.28 and a 200 day simple moving average of $41.74. Fidelity Small-Mid Multifactor ETF has a 52-week low of $35.99 and a 52-week high of $45.16.

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.