Kestra Advisory Services LLC Buys 70,166 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Kestra Advisory Services LLC boosted its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 14.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 558,311 shares of the company’s stock after acquiring an additional 70,166 shares during the period. Kestra Advisory Services LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $24,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Equitable Holdings Inc. lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 0.6% in the 4th quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock worth $1,654,000 after purchasing an additional 228 shares during the period. Principal Securities Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 4.0% in the fourth quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock valued at $306,000 after buying an additional 268 shares during the period. 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 acquiring an additional 298 shares during the last quarter. Spire Wealth Management grew its holdings in Fidelity Small-Mid Multifactor ETF by 1.6% during the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock worth $984,000 after acquiring an additional 352 shares during the period. Finally, Merit Financial Group LLC grew its holdings in Fidelity Small-Mid Multifactor ETF by 3.4% during the 3rd quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock worth $542,000 after acquiring an additional 410 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA:FSMD traded up $0.03 during midday trading on Friday, reaching $51.59. The company’s stock had a trading volume of 116,907 shares, compared to its average volume of 139,505. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93. The firm has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $47.70. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $40.79 and a fifty-two week high of $53.00.

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.