Kestra Investment Management LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Kestra Investment Management LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the fourth quarter, Holdings Channel reports. The fund acquired 1,257,283 shares of the company’s stock, valued at approximately $55,484,000. Fidelity Small-Mid Multifactor ETF comprises about 1.4% of Kestra Investment Management LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Kuhn & Co Investment Counsel boosted its holdings in Fidelity Small-Mid Multifactor ETF by 17.9% during the 4th quarter. Kuhn & Co Investment Counsel now owns 31,584 shares of the company’s stock worth $1,394,000 after acquiring an additional 4,786 shares during the last quarter. Principle Wealth Partners LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 33.2% during the 4th quarter. Principle Wealth Partners LLC now owns 10,118 shares of the company’s stock worth $447,000 after acquiring an additional 2,522 shares during the last quarter. Van Hulzen Asset Management LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 3.5% during the 4th quarter. Van Hulzen Asset Management LLC now owns 79,981 shares of the company’s stock worth $3,530,000 after acquiring an additional 2,702 shares during the last quarter. IFP Advisors Inc boosted its holdings in Fidelity Small-Mid Multifactor ETF by 1,307.1% during the 4th quarter. IFP Advisors Inc now owns 31,604 shares of the company’s stock worth $1,395,000 after acquiring an additional 29,358 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Fidelity Small-Mid Multifactor ETF by 283.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after acquiring an additional 721 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD opened at $49.69 on Tuesday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. The firm’s fifty day moving average price is $47.27 and its two-hundred day moving average price is $45.96. Fidelity Small-Mid Multifactor ETF has a 1 year low of $39.61 and a 1 year high of $50.44.

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.