Farther Finance Advisors LLC Increases Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Farther Finance Advisors LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,898 shares of the company’s stock after acquiring an additional 3,914 shares during the period. Farther Finance Advisors LLC owned 0.19% of Fidelity Small-Mid Multifactor ETF worth $658,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Retirement Planning Group LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the second quarter worth $79,750,000. Parcion Private Wealth LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the third quarter worth $19,419,000. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 25.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,476,600 shares of the company’s stock worth $61,131,000 after purchasing an additional 297,662 shares during the period. Sterling Manor Financial LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the second quarter worth $7,083,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 96.2% during the first quarter. Cetera Investment Advisers now owns 162,545 shares of the company’s stock worth $6,316,000 after purchasing an additional 79,713 shares during the period.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA FSMD opened at $41.68 on Wednesday. The stock has a fifty day moving average price of $40.90 and a 200 day moving average price of $39.29. Fidelity Small-Mid Multifactor ETF has a 1-year low of $31.34 and a 1-year high of $42.73. The company has a market cap of $350.11 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.