Steward Partners Investment Advisory LLC Decreases Holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Steward Partners Investment Advisory LLC reduced its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 0.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 219,868 shares of the company’s stock after selling 296 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $9,052,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in FSMD. Systelligence LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter worth $11,754,000. Provident Wealth Management LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter worth $6,334,000. Stratos Investment Management LLC grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 27.0% during the 4th quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock worth $9,117,000 after acquiring an additional 47,043 shares during the period. Fifth Third Securities Inc. purchased a new stake in Fidelity Small-Mid Multifactor ETF in the 4th quarter worth about $1,160,000. Finally, Trademark Financial Management LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 76.4% in the 4th quarter. Trademark Financial Management LLC now owns 53,599 shares of the company’s stock valued at $2,207,000 after acquiring an additional 23,214 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 0.8 %

Shares of NYSEARCA:FSMD opened at $39.96 on Thursday. The firm has a market capitalization of $815.18 million, a PE ratio of 17.43 and a beta of 1.08. The company has a 50-day moving average price of $41.88 and a two-hundred day moving average price of $41.85. Fidelity Small-Mid Multifactor ETF has a twelve month low of $35.99 and a twelve month high of $45.16.

Fidelity Small-Mid Multifactor ETF Company 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.