Commonwealth Equity Services LLC Buys 363,253 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Commonwealth Equity Services LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,571,529 shares of the company’s stock after buying an additional 363,253 shares during the period. Commonwealth Equity Services LLC owned about 6.21% of Fidelity Small-Mid Multifactor ETF worth $113,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSMD. Allworth Financial LP grew its holdings in shares of Fidelity Small-Mid Multifactor ETF by 80.7% in the second 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 2nd quarter valued at about $33,000. IFP Advisors Inc increased its position in shares of Fidelity Small-Mid Multifactor ETF by 116.7% during the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after purchasing an additional 616 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at about $105,000. Finally, Nova Wealth Management Inc. lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 45.8% in the 1st 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.

Fidelity Small-Mid Multifactor ETF Trading Up 1.1%

FSMD opened at $44.99 on Tuesday. The company’s 50 day moving average is $43.98 and its 200 day moving average is $43.33. The company has a market cap of $1.94 billion, a price-to-earnings 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.

Fidelity Small-Mid Multifactor 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.