Cedar Point Capital Partners LLC Takes Position in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

Cedar Point Capital Partners LLC acquired a new stake in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,034 shares of the company’s stock, valued at approximately $472,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Fidelity Small-Mid Factor ETF during the 4th quarter worth $423,000. AE Wealth Management LLC raised its stake in Fidelity Small-Mid Factor ETF by 24.6% during the 3rd quarter. AE Wealth Management LLC now owns 30,700 shares of the company’s stock worth $991,000 after acquiring an additional 6,067 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Fidelity Small-Mid Factor ETF by 11.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 803,525 shares of the company’s stock worth $25,930,000 after purchasing an additional 81,661 shares during the last quarter. Kestra Advisory Services LLC grew its position in Fidelity Small-Mid Factor ETF by 8.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 319,591 shares of the company’s stock worth $10,313,000 after purchasing an additional 25,923 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Fidelity Small-Mid Factor ETF by 272.9% during the 3rd quarter. Harbour Investments Inc. now owns 13,168 shares of the company’s stock worth $425,000 after purchasing an additional 9,637 shares during the last quarter.

Fidelity Small-Mid Factor ETF Stock Performance

Fidelity Small-Mid Factor ETF stock traded up $0.09 during midday trading on Friday, hitting $37.01. 89,284 shares of the company’s stock were exchanged, compared to its average volume of 87,622. Fidelity Small-Mid Factor ETF has a 12-month low of $30.30 and a 12-month high of $39.02. The stock has a market cap of $214.66 million, a price-to-earnings ratio of 13.50 and a beta of 0.98. The firm’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $35.37.

Fidelity Small-Mid Factor 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.