Global Financial Private Client LLC Boosts Stake in Fidelity Small-Mid Multifactor ETF $FSMD

Global Financial Private Client LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 73.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,056 shares of the company’s stock after purchasing an additional 11,855 shares during the period. Global Financial Private Client LLC owned approximately 0.07% of Fidelity Small-Mid Multifactor ETF worth $1,235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. CLG LLC boosted its position in Fidelity Small-Mid Multifactor ETF by 4.3% during the second quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after buying an additional 298 shares during the period. Allworth Financial LP raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 80.7% during the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 3.4% in the 3rd quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock worth $542,000 after purchasing an additional 410 shares during the period. Riverbend Wealth Management LLC lifted its holdings in Fidelity Small-Mid Multifactor ETF by 1.6% in the second quarter. Riverbend Wealth Management LLC now owns 27,058 shares of the company’s stock worth $1,122,000 after buying an additional 430 shares during the period. Finally, Nova Wealth Management Inc. lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 19.9% in the 2nd quarter. Nova Wealth Management Inc. now owns 3,704 shares of the company’s stock valued at $154,000 after purchasing an additional 616 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 1.1%

Shares of FSMD stock opened at $44.13 on Friday. The company’s fifty day moving average price is $43.96 and its 200-day moving average price is $43.23. The stock has a market cap of $1.82 billion, a PE ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 12 month low of $33.95 and a 12 month high of $45.55.

About Fidelity Small-Mid Multifactor 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.