Faithward Advisors LLC Buys 14,451 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Faithward Advisors LLC increased its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 57.9% during the first quarter, Holdings Channel reports. The firm owned 39,390 shares of the company’s stock after acquiring an additional 14,451 shares during the period. Faithward Advisors LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $1,762,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FSMD. Retirement Planning Group LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 5.7% in the fourth quarter. Retirement Planning Group LLC now owns 4,020,613 shares of the company’s stock valued at $177,430,000 after purchasing an additional 216,879 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Fidelity Small-Mid Multifactor ETF by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock worth $134,685,000 after buying an additional 480,484 shares in the last quarter. Kestra Investment Management LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at about $55,484,000. Bank of America Corp DE increased its holdings in Fidelity Small-Mid Multifactor ETF by 10.7% in the 3rd quarter. Bank of America Corp DE now owns 1,236,233 shares of the company’s stock valued at $54,407,000 after buying an additional 119,420 shares during the period. Finally, LPL Financial LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 8.6% in the 4th quarter. LPL Financial LLC now owns 1,099,883 shares of the company’s stock valued at $48,538,000 after buying an additional 86,762 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 1.3%

NYSEARCA FSMD opened at $51.36 on Wednesday. The firm’s 50 day simple moving average is $49.69 and its 200 day simple moving average is $47.06. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 1 year low of $40.76 and a 1 year high of $52.45.

About Fidelity Small-Mid Multifactor ETF

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.