Mascagni Wealth Management Inc. Makes New $789,000 Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Mascagni Wealth Management Inc. purchased a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, HoldingsChannel reports. The fund purchased 17,930 shares of the company’s stock, valued at approximately $789,000.

Other large investors have also added to or reduced their stakes in the company. CLG LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 4.3% during the second quarter. CLG LLC now owns 7,204 shares of the company’s stock worth $299,000 after purchasing an additional 298 shares during the period. Allworth Financial LP raised its position in Fidelity Small-Mid Multifactor ETF by 80.7% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after buying an additional 305 shares during the last quarter. Riverbend Wealth Management LLC raised its position in Fidelity Small-Mid Multifactor ETF by 1.6% during the 2nd quarter. Riverbend Wealth Management LLC now owns 27,058 shares of the company’s stock worth $1,122,000 after buying an additional 430 shares during the last quarter. Nova Wealth Management Inc. lifted its stake in Fidelity Small-Mid Multifactor ETF by 19.9% during the 2nd quarter. Nova Wealth Management Inc. now owns 3,704 shares of the company’s stock valued at $154,000 after acquiring an additional 616 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 116.7% in the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after acquiring an additional 616 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA FSMD opened at $45.08 on Thursday. The company has a market capitalization of $1.86 billion, a PE ratio of 16.74 and a beta of 0.98. The company has a fifty day moving average of $43.82 and a 200 day moving average of $43.09. Fidelity Small-Mid Multifactor ETF has a 1 year low of $33.95 and a 1 year high of $45.55.

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.