Retirement Planning Group LLC Invests $79.75 Million in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Retirement Planning Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,116,506 shares of the company’s stock, valued at approximately $79,750,000. Fidelity Small-Mid Multifactor ETF accounts for 5.1% of Retirement Planning Group LLC’s investment portfolio, making the stock its 7th largest position. Retirement Planning Group LLC owned 25.20% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Lincoln National Corp grew its holdings in Fidelity Small-Mid Multifactor ETF by 0.7% in the 4th quarter. Lincoln National Corp now owns 48,486 shares of the company’s stock valued at $1,757,000 after buying an additional 314 shares during the period. Cedar Point Capital Partners LLC increased its position in Fidelity Small-Mid Multifactor ETF by 8.6% during the first quarter. Cedar Point Capital Partners LLC now owns 14,157 shares of the company’s stock worth $550,000 after purchasing an additional 1,123 shares during the last quarter. Merit Financial Group LLC increased its position in Fidelity Small-Mid Multifactor ETF by 23.3% during the fourth quarter. Merit Financial Group LLC now owns 10,040 shares of the company’s stock worth $364,000 after purchasing an additional 1,900 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the first quarter worth approximately $202,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at $208,000.

Fidelity Small-Mid Multifactor ETF Stock Up 0.1 %

Shares of FSMD stock traded up $0.04 on Friday, reaching $38.66. 60,311 shares of the stock were exchanged, compared to its average volume of 81,351. The stock has a market cap of $324.74 million, a P/E ratio of 14.18 and a beta of 0.98. The firm has a 50 day moving average of $38.41 and a two-hundred day moving average of $37.79. Fidelity Small-Mid Multifactor ETF has a 1-year low of $30.30 and a 1-year high of $41.35.

Fidelity Small-Mid Multifactor 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.