PNC Financial Services Group Inc. Has $718,000 Stake in Fidelity Small-Mid Multifactor ETF $FSMD

PNC Financial Services Group Inc. grew its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 383.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,057 shares of the company’s stock after buying an additional 12,739 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSMD. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Small-Mid Multifactor ETF by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,968 shares of the company’s stock valued at $15,135,000 after acquiring an additional 17,264 shares during the period. Money Concepts Capital Corp acquired a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at approximately $814,000. Emerald Advisors LLC grew its holdings in Fidelity Small-Mid Multifactor ETF by 323.7% during the fourth quarter. Emerald Advisors LLC now owns 30,720 shares of the company’s stock valued at $1,356,000 after purchasing an additional 23,470 shares during the period. Farther Finance Advisors LLC grew its holdings in Fidelity Small-Mid Multifactor ETF by 7.8% during the fourth quarter. Farther Finance Advisors LLC now owns 194,891 shares of the company’s stock valued at $8,601,000 after purchasing an additional 14,173 shares during the period. Finally, AE Wealth Management LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 436.1% in the fourth quarter. AE Wealth Management LLC now owns 45,802 shares of the company’s stock valued at $2,021,000 after purchasing an additional 37,258 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA:FSMD opened at $50.74 on Monday. The company has a 50 day moving average price of $51.08 and a two-hundred day moving average price of $48.34. The company has a market capitalization of $2.51 billion, a PE ratio of 16.74 and a beta of 0.93. Fidelity Small-Mid Multifactor ETF has a 52 week low of $40.79 and a 52 week high of $53.00.

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.