Cedar Point Capital Partners LLC Invests $472,000 in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

Cedar Point Capital Partners LLC acquired a new position in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,034 shares of the company’s stock, valued at approximately $472,000. Cedar Point Capital Partners LLC owned 0.37% of Fidelity Small-Mid Factor ETF as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FSMD. International Assets Investment Management LLC purchased a new stake in shares of Fidelity Small-Mid Factor ETF during the fourth quarter worth about $423,000. Harbour Investments Inc. grew its holdings 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 valued at $425,000 after buying an additional 9,637 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Fidelity Small-Mid Factor ETF by 24.6% during the third quarter. AE Wealth Management LLC now owns 30,700 shares of the company’s stock valued at $991,000 after buying an additional 6,067 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Small-Mid Factor ETF by 8.8% in the third quarter. Kestra Advisory Services LLC now owns 319,591 shares of the company’s stock worth $10,313,000 after buying an additional 25,923 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Small-Mid Factor ETF by 11.3% during the third quarter. Commonwealth Equity Services LLC now owns 803,525 shares of the company’s stock worth $25,930,000 after acquiring an additional 81,661 shares during the last quarter.

Fidelity Small-Mid Factor ETF Trading Up 0.2 %

FSMD traded up $0.09 during trading on Friday, hitting $37.01. 89,284 shares of the company traded hands, compared to its average volume of 87,622. The company has a market cap of $214.66 million, a PE ratio of 13.50 and a beta of 0.98. Fidelity Small-Mid Factor ETF has a 1 year low of $30.30 and a 1 year high of $39.02. The stock’s 50-day simple moving average is $37.51 and its two-hundred day simple moving average is $35.37.

About Fidelity Small-Mid Factor 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.