Parcion Private Wealth LLC Buys New Stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Parcion Private Wealth LLC purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 469,066 shares of the company’s stock, valued at approximately $19,419,000. Fidelity Small-Mid Multifactor ETF makes up approximately 1.6% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Parcion Private Wealth LLC owned about 0.06% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Eastern Bank bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth about $83,000. J.W. Cole Advisors Inc. bought a new position in Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $208,000. Envestnet Portfolio Solutions Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at approximately $263,000. Birchcreek Wealth Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $323,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 883.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,984 shares of the company’s stock worth $449,000 after acquiring an additional 10,765 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

NYSEARCA FSMD opened at $41.00 on Friday. The stock has a 50 day moving average price of $40.75 and a 200-day moving average price of $39.04. Fidelity Small-Mid Multifactor ETF has a one year low of $30.30 and a one year high of $42.73. The company has a market capitalization of $344.40 million, a P/E ratio of 14.18 and a beta of 0.98.

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.