Sterling Manor Financial LLC Makes New $5.01 Million Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Sterling Manor Financial LLC purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, HoldingsChannel.com reports. The fund purchased 101,813 shares of the company’s stock, valued at approximately $5,006,000. Fidelity Small-Mid Multifactor ETF comprises about 2.9% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Focus Financial Network Inc. boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.2% during the second quarter. Focus Financial Network Inc. now owns 17,034 shares of the company’s stock valued at $900,000 after acquiring an additional 202 shares during the last quarter. Roxbury Financial LLC increased its position in Fidelity Small-Mid Multifactor ETF by 1.9% during the 1st quarter. Roxbury Financial LLC now owns 22,390 shares of the company’s stock worth $1,001,000 after purchasing an additional 415 shares in the last quarter. Allworth Financial LP raised its stake in Fidelity Small-Mid Multifactor ETF by 28.0% in the 2nd 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 last quarter. Western Wealth Management LLC acquired a new position in Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at about $27,000. Finally, Toth Financial Advisory Corp purchased a new position in Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at about $32,000.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA:FSMD traded up $0.28 on Wednesday, reaching $50.13. The stock had a trading volume of 67,350 shares, compared to its average volume of 141,540. Fidelity Small-Mid Multifactor ETF has a 12-month low of $41.86 and a 12-month high of $53.48. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. The firm’s fifty day moving average is $50.68 and its two-hundred day moving average is $50.31.

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.