Wilmington Savings Fund Society FSB Invests $29,000 in Fidelity Small-Mid Multifactor ETF

Wilmington Savings Fund Society FSB has made a notable investment in the Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD), as indicated in their latest 13F filing with the Securities and Exchange Commission. During the third quarter, the institution acquired 689 shares of this ETF, which have a total value of approximately $29,000.

In addition to Wilmington Savings Fund Society, several other institutional investors have adjusted their holdings in FSMD. For instance, FMR LLC increased its position in the Fidelity Small-Mid Multifactor ETF considerably by 126.6% during the same quarter. Following this adjustment, FMR LLC now owns 1,842 shares worth around $76,000, having purchased an additional 1,029 shares recently.

Another significant player, Systelligence LLC, established a new position in the Fidelity Small-Mid Multifactor ETF valued at about $11,754,000 during the third quarter. Meanwhile, Cedar Point Capital Partners LLC raised its holdings by 6.1%, acquiring an additional 971 shares to own a total of 16,793 shares valued at approximately $695,000.

Farther Finance Advisors LLC also grew its stake in this ETF by 32.7%, resulting in a total of 15,898 shares worth about $658,000 after adding 3,914 shares. Lastly, Sterling Manor Financial LLC increased its shares by 6.9%, taking its total to 201,041 shares with a value of $8,323,000 after a recent purchase of 13,059 shares.

Current Performance of Fidelity Small-Mid Multifactor ETF

As of Tuesday, Fidelity Small-Mid Multifactor ETF shares were trading at $41.34. Over the past year, these shares have experienced fluctuations, reaching a low of $35.00 and a high of $45.16. The ETF holds a market capitalization of $347.26 million and displays a price-to-earnings ratio of 14.18, with a beta of 0.98. The fifty-day moving average stands at $42.89, while the 200-day moving average is at $40.64.

About Fidelity Small-Mid Multifactor ETF

The Fidelity Small-Mid Factor ETF (FSMD) is designed to track the Fidelity Small-Mid Multifactor Index, which is comprised of U.S. companies evaluated based on multiple factors. Launched on February 26, 2019, the ETF is actively managed by Fidelity.

Further Insights on Financial Trends

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To stay updated on FSMD holdings by other hedge funds, you can check out the latest 13F filings and insider activities online.

Investment, ETF, Finance