Fidelity Small-Mid Multifactor ETF $FSMD Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 170.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,718 shares of the company’s stock after buying an additional 113,987 shares during the quarter. Farther Finance Advisors LLC owned about 0.44% of Fidelity Small-Mid Multifactor ETF worth $7,953,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSMD. Allworth Financial LP boosted its position in Fidelity Small-Mid Multifactor ETF by 80.7% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 305 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the second quarter valued at about $33,000. IFP Advisors Inc lifted its holdings in Fidelity Small-Mid Multifactor ETF by 116.7% in the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock worth $47,000 after purchasing an additional 616 shares during the period. Nova Wealth Management Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 45.8% in the first quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock worth $121,000 after purchasing an additional 970 shares during the period. Finally, First Horizon Advisors Inc. bought a new position in Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at about $121,000.

Fidelity Small-Mid Multifactor ETF Trading Down 0.4%

FSMD stock opened at $44.98 on Wednesday. The firm’s 50-day moving average is $43.79 and its two-hundred day moving average is $43.08. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $45.55.

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.