Stratos Investment Management LLC Raises Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Stratos Investment Management LLC grew its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,454 shares of the company’s stock after purchasing an additional 47,043 shares during the quarter. Stratos Investment Management LLC owned 2.64% of Fidelity Small-Mid Multifactor ETF worth $9,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FSMD. Stratos Wealth Partners LTD. purchased a new position in Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at approximately $409,000. Holistic Planning LLC purchased a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at $246,000. Fifth Third Securities Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at $1,160,000. Foundations Investment Advisors LLC acquired a new position in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth $207,000. Finally, Cedar Point Capital Partners LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 9.1% during the 4th quarter. Cedar Point Capital Partners LLC now owns 18,322 shares of the company’s stock worth $754,000 after purchasing an additional 1,529 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $42.48 on Wednesday. Fidelity Small-Mid Multifactor ETF has a 1 year low of $35.53 and a 1 year high of $45.16. The stock has a market capitalization of $356.83 million, a PE ratio of 14.18 and a beta of 0.98. The stock has a 50-day simple moving average of $42.53 and a 200-day simple moving average of $41.52.

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.