Stratos Investment Management LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) by 27.0% in the 4th quarter, HoldingsChannel reports. The fund owned 221,454 shares of the company’s stock after buying an additional 47,043 shares during the quarter. Stratos Investment Management LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $9,117,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. J.W. Cole Advisors Inc. boosted its stake in Fidelity Small-Mid Multifactor ETF by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,760 shares of the company’s stock valued at $280,000 after acquiring an additional 468 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after purchasing an additional 659 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth approximately $29,000. Cedar Point Capital Partners LLC increased its position in Fidelity Small-Mid Multifactor ETF by 6.1% during the third quarter. Cedar Point Capital Partners LLC now owns 16,793 shares of the company’s stock worth $695,000 after buying an additional 971 shares during the period. Finally, FMR LLC increased its position in Fidelity Small-Mid Multifactor ETF by 126.6% during the third quarter. FMR LLC now owns 1,842 shares of the company’s stock worth $76,000 after buying an additional 1,029 shares during the period.
Fidelity Small-Mid Multifactor ETF Trading Up 0.8 %
FSMD stock opened at $42.48 on Wednesday. The company has a market capitalization of $356.83 million, a P/E ratio of 14.18 and a beta of 0.98. The business has a 50 day simple moving average of $42.53 and a 200-day simple moving average of $41.52. Fidelity Small-Mid Multifactor ETF has a twelve month low of $35.53 and a twelve month high of $45.16.
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.
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Want to see what other hedge funds are holding FSMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report).
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