Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Fidelity Small-Mid Multifactor ETF $FSMD

Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 5.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 342,968 shares of the company’s stock after buying an additional 17,264 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $15,135,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth approximately $33,000. Creative Financial Designs Inc. ADV grew its position in shares of Fidelity Small-Mid Multifactor ETF by 283.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after purchasing an additional 721 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Fidelity Small-Mid Multifactor ETF by 329.8% in the third quarter. Ameritas Advisory Services LLC now owns 2,020 shares of the company’s stock valued at $89,000 after purchasing an additional 1,550 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Fidelity Small-Mid Multifactor ETF by 96.3% in the third quarter. IFP Advisors Inc now owns 2,246 shares of the company’s stock valued at $99,000 after purchasing an additional 1,102 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD stock opened at $50.08 on Tuesday. The business has a 50 day simple moving average of $47.84 and a 200-day simple moving average of $46.21. The firm has a market capitalization of $2.42 billion, a PE ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 1 year low of $39.79 and a 1 year high of $50.66.

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.