Raymond James Financial Inc. Makes New $14.78 Million Investment in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Raymond James Financial Inc. bought a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 359,010 shares of the company’s stock, valued at approximately $14,780,000. Raymond James Financial Inc. owned 4.27% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $53,000. Noble Wealth Management PBC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $54,000. Principal Securities Inc. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 88.7% in the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after acquiring an additional 851 shares during the period. Finally, FMR LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% in the third 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.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $39.08 on Wednesday. Fidelity Small-Mid Multifactor ETF has a 1 year low of $35.99 and a 1 year high of $45.16. The firm has a market cap of $797.23 million, a PE ratio of 17.43 and a beta of 1.08. The company has a 50 day simple moving average of $41.41 and a two-hundred day simple moving average of $41.76.

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.