Stratos Wealth Advisors LLC Buys 2,888 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Stratos Wealth Advisors LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,722 shares of the company’s stock after acquiring an additional 2,888 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.27% of Fidelity Small-Mid Multifactor ETF worth $941,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Retirement Planning Group LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 8.4% in the 3rd quarter. Retirement Planning Group LLC now owns 2,294,135 shares of the company’s stock valued at $94,977,000 after purchasing an additional 177,629 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 164,160 shares of the company’s stock valued at $6,186,000 after purchasing an additional 1,615 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 17.5% in 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 during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 17.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,292 shares of the company’s stock valued at $237,000 after purchasing an additional 933 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 300,425 shares of the company’s stock valued at $11,320,000 after purchasing an additional 70,750 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.1 %

Shares of NYSEARCA FSMD opened at $42.19 on Monday. The firm’s 50-day moving average is $40.53 and its 200-day moving average is $38.94. Fidelity Small-Mid Multifactor ETF has a 1 year low of $30.30 and a 1 year 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 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.