Commonwealth Equity Services LLC Purchases 274,256 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Commonwealth Equity Services LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 18.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,750,856 shares of the company’s stock after acquiring an additional 274,256 shares during the period. Commonwealth Equity Services LLC owned about 0.21% of Fidelity Small-Mid Multifactor ETF worth $72,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FSMD. FMR LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at $29,000. JPMorgan Chase & Co. increased its holdings in 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 acquiring an additional 659 shares during the last quarter. Eastern Bank increased its holdings in Fidelity Small-Mid Multifactor ETF by 115.7% in the 4th quarter. Eastern Bank now owns 4,345 shares of the company’s stock valued at $179,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Cedar Point Capital Partners LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 9.1% in the 4th quarter. Cedar Point Capital Partners LLC now owns 18,322 shares of the company’s stock valued at $754,000 after acquiring an additional 1,529 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA FSMD opened at $38.04 on Friday. The company has a market cap of $776.02 million, a P/E ratio of 17.43 and a beta of 1.08. The firm’s fifty day moving average is $41.55 and its two-hundred day moving average is $41.77. Fidelity Small-Mid Multifactor ETF has a 52-week low of $35.99 and a 52-week high of $45.16.

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.