Commonwealth Equity Services LLC Grows Position in Fidelity Small-Mid Multifactor ETF $FSMD

Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 20.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,208,276 shares of the company’s stock after acquiring an additional 377,640 shares during the period. Commonwealth Equity Services LLC owned approximately 5.78% of Fidelity Small-Mid Multifactor ETF worth $91,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSMD. First Horizon Advisors Inc. bought a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter worth about $121,000. Atria Investments Inc purchased a new stake in Fidelity Small-Mid Multifactor ETF in the second quarter worth approximately $15,579,000. Spire Wealth Management grew its position in Fidelity Small-Mid Multifactor ETF by 85,058.3% during the second quarter. Spire Wealth Management now owns 20,438 shares of the company’s stock valued at $848,000 after acquiring an additional 20,414 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 44.3% during the second quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock valued at $26,200,000 after acquiring an additional 193,853 shares during the last quarter. Finally, Strategic Blueprint LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the second quarter worth approximately $767,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $42.79 on Friday. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week high of $45.16. The company has a fifty day moving average of $43.75 and a 200-day moving average of $42.05. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98.

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.