20,568 Shares of Fidelity Small-Mid Multifactor ETF $FSMD Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 3rd quarter, Holdings Channel.com reports. The firm bought 20,568 shares of the company’s stock, valued at approximately $1,011,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Western Wealth Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF in the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter valued at approximately $32,000. Global Assets Advisory LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $35,000. Allworth Financial LP boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 28.0% during the second quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock valued at $105,000 after purchasing an additional 435 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 464.9% during the first quarter. Fifth Third Bancorp now owns 2,689 shares of the company’s stock valued at $120,000 after purchasing an additional 2,213 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 0.5%

Shares of Fidelity Small-Mid Multifactor ETF stock traded up $0.25 on Thursday, hitting $49.62. The stock had a trading volume of 71,089 shares, compared to its average volume of 137,984. Fidelity Small-Mid Multifactor ETF has a one year low of $41.86 and a one year high of $53.48. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. The stock’s 50-day simple moving average is $50.89 and its two-hundred day simple moving average is $50.16.

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.