Commonwealth Equity Services LLC Has $61.13 Million Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Commonwealth Equity Services LLC grew its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 25.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,476,600 shares of the company’s stock after purchasing an additional 297,662 shares during the period. Commonwealth Equity Services LLC owned about 17.58% of Fidelity Small-Mid Multifactor ETF worth $61,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSMD. Stratos Investment Management LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 5.6% in the 3rd quarter. Stratos Investment Management LLC now owns 174,411 shares of the company’s stock valued at $7,221,000 after buying an additional 9,212 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in Fidelity Small-Mid Multifactor ETF by 14.6% in the third quarter. Stratos Wealth Advisors LLC now owns 22,722 shares of the company’s stock valued at $941,000 after acquiring an additional 2,888 shares during the period. Retirement Planning Group LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 8.4% in the third quarter. Retirement Planning Group LLC now owns 2,294,135 shares of the company’s stock worth $94,977,000 after acquiring an additional 177,629 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Fidelity Small-Mid Multifactor ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 164,160 shares of the company’s stock worth $6,186,000 after purchasing an additional 1,615 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 17.5% during the 2nd quarter. AE Wealth Management LLC now owns 38,314 shares of the company’s stock valued at $1,444,000 after purchasing an additional 5,705 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $42.19 on Friday. The stock has a 50 day simple moving average of $40.53 and a 200 day simple moving average of $38.93. Fidelity Small-Mid Multifactor ETF has a 52-week low of $30.30 and a 52-week high of $42.73. The firm has a market capitalization of $354.40 million, a PE ratio of 14.18 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.