Eastern Bank Acquires New Stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Eastern Bank bought a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,014 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 25.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,476,600 shares of the company’s stock worth $61,131,000 after buying an additional 297,662 shares during the period. Stratos Investment Management LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 5.6% in the 3rd quarter. Stratos Investment Management LLC now owns 174,411 shares of the company’s stock worth $7,221,000 after buying an additional 9,212 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 14.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 22,722 shares of the company’s stock worth $941,000 after buying an additional 2,888 shares during the period. Retirement Planning Group LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 8.4% in the 3rd quarter. Retirement Planning Group LLC now owns 2,294,135 shares of the company’s stock worth $94,977,000 after buying an additional 177,629 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 164,160 shares of the company’s stock worth $6,186,000 after buying an additional 1,615 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 0.5 %

FSMD opened at $41.00 on Friday. The firm has a market cap of $344.40 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 12 month low of $30.30 and a 12 month high of $42.73. The stock has a fifty day moving average price of $40.75 and a 200-day moving average price of $39.04.

About Fidelity Small-Mid Multifactor 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.