LPL Financial LLC Grows Position in Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

LPL Financial LLC lifted its holdings in shares of Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) by 25.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,381 shares of the company’s stock after purchasing an additional 4,566 shares during the quarter. LPL Financial LLC owned about 0.66% of Fidelity Small-Mid Factor ETF worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fidelity Small-Mid Factor ETF by 78.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,677 shares of the company’s stock worth $825,000 after purchasing an additional 10,881 shares during the period. AE Wealth Management LLC grew its holdings in shares of Fidelity Small-Mid Factor ETF by 54.6% during the 2nd quarter. AE Wealth Management LLC now owns 24,633 shares of the company’s stock worth $824,000 after purchasing an additional 8,700 shares during the period. Magnolia Capital Advisors LLC boosted its holdings in Fidelity Small-Mid Factor ETF by 18.5% during the 1st quarter. Magnolia Capital Advisors LLC now owns 11,253 shares of the company’s stock valued at $363,000 after acquiring an additional 1,756 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Small-Mid Factor ETF by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 33,016 shares of the company’s stock valued at $1,065,000 after acquiring an additional 5,901 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Fidelity Small-Mid Factor ETF during the 1st quarter valued at about $582,000.

Fidelity Small-Mid Factor ETF Price Performance

Shares of Fidelity Small-Mid Factor ETF stock opened at $33.12 on Tuesday. The business has a 50-day moving average of $31.98 and a 200 day moving average of $32.73. Fidelity Small-Mid Factor ETF has a 12 month low of $30.30 and a 12 month high of $34.76. The stock has a market capitalization of $115.92 million, a price-to-earnings ratio of 12.67 and a beta of 1.04.

Fidelity Small-Mid Factor ETF 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.