Foundations Investment Advisors LLC Has $760,000 Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Foundations Investment Advisors LLC grew its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 285.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,412 shares of the company’s stock after buying an additional 14,380 shares during the period. Foundations Investment Advisors LLC owned approximately 0.05% of Fidelity Small-Mid Multifactor ETF worth $760,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 74.6% during the first quarter. LPL Financial LLC now owns 620,790 shares of the company’s stock valued at $24,310,000 after buying an additional 265,301 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Fidelity Small-Mid Multifactor ETF by 56.1% during the first quarter. Cetera Investment Advisers now owns 375,075 shares of the company’s stock valued at $14,688,000 after buying an additional 134,872 shares during the last quarter. BG Investment Services Inc. raised its position in shares of Fidelity Small-Mid Multifactor ETF by 47.9% during the first quarter. BG Investment Services Inc. now owns 24,194 shares of the company’s stock valued at $947,000 after buying an additional 7,840 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 10.7% during the first quarter. AE Wealth Management LLC now owns 52,639 shares of the company’s stock valued at $2,061,000 after buying an additional 5,108 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the first quarter valued at about $28,174,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $42.15 on Thursday. The company has a 50-day simple moving average of $41.35 and a 200-day simple moving average of $40.44. The firm has a market capitalization of $1.61 billion, a P/E ratio of 16.74 and a beta of 1.04. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 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.