Sterling Manor Financial LLC Acquires New Stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Sterling Manor Financial LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the second quarter, HoldingsChannel.com reports. The firm acquired 187,982 shares of the company’s stock, valued at approximately $7,083,000. Fidelity Small-Mid Multifactor ETF comprises about 5.4% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds also recently bought and sold shares of FSMD. Retirement Planning Group LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the second quarter worth about $79,750,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the first quarter worth about $9,247,000. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 13.4% in the first quarter. Commonwealth Equity Services LLC now owns 1,045,565 shares of the company’s stock worth $40,631,000 after acquiring an additional 123,224 shares during the period. Cetera Investment Advisers boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 96.2% in the first quarter. Cetera Investment Advisers now owns 162,545 shares of the company’s stock worth $6,316,000 after acquiring an additional 79,713 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 45.6% in the first quarter. Osaic Holdings Inc. now owns 195,339 shares of the company’s stock worth $7,591,000 after acquiring an additional 61,162 shares during the period.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA FSMD traded down $0.12 during mid-day trading on Tuesday, reaching $40.56. The company’s stock had a trading volume of 88,399 shares, compared to its average volume of 79,849. The firm has a market capitalization of $340.70 million, a PE ratio of 14.18 and a beta of 0.98. The stock has a fifty day moving average of $38.91 and a two-hundred day moving average of $38.09. Fidelity Small-Mid Multifactor ETF has a 52 week low of $30.30 and a 52 week high of $41.35.

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.