79,565 Shares in Fidelity Small-Mid Multifactor ETF $FSMD Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 79,565 shares of the company’s stock, valued at approximately $3,502,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSMD. Advisory Services Network LLC increased its position in Fidelity Small-Mid Multifactor ETF by 112.6% during the second quarter. Advisory Services Network LLC now owns 138,702 shares of the company’s stock worth $5,812,000 after acquiring an additional 73,452 shares during the period. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 193,853 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the second quarter valued at about $232,000. Avantax Advisory Services Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 26.6% during the second quarter. Avantax Advisory Services Inc. now owns 54,221 shares of the company’s stock worth $2,249,000 after buying an additional 11,400 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 170.8% during the third quarter. Farther Finance Advisors LLC now owns 180,718 shares of the company’s stock valued at $7,953,000 after acquiring an additional 113,987 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 3.0%

Fidelity Small-Mid Multifactor ETF stock opened at $47.51 on Monday. The business has a 50 day moving average price of $45.31 and a two-hundred day moving average price of $44.04. Fidelity Small-Mid Multifactor ETF has a 12 month low of $33.95 and a 12 month high of $47.51. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98.

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.