Fidelity Small-Mid Multifactor ETF $FSMD Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,148 shares of the company’s stock after selling 38,981 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.75% of Fidelity Small-Mid Multifactor ETF worth $11,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC bought a new stake in Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $159,000. BKM Wealth Management LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the second quarter worth about $232,000. Envestnet Asset Management Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 44.3% in the second quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock worth $26,200,000 after purchasing an additional 193,853 shares during the period. Concurrent Investment Advisors LLC grew its position in Fidelity Small-Mid Multifactor ETF by 14.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,261 shares of the company’s stock valued at $716,000 after buying an additional 2,185 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Fidelity Small-Mid Multifactor ETF by 26.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 54,221 shares of the company’s stock valued at $2,249,000 after buying an additional 11,400 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 0.6%

FSMD stock opened at $44.08 on Tuesday. The firm’s 50-day moving average is $43.49 and its two-hundred day moving average is $42.62. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $44.89.

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.