Commonwealth Equity Services LLC Buys 274,256 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Commonwealth Equity Services LLC grew its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750,856 shares of the company’s stock after purchasing an additional 274,256 shares during the quarter. Commonwealth Equity Services LLC owned approximately 20.84% of Fidelity Small-Mid Multifactor ETF worth $72,083,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FSMD. Raymond James Financial Inc. bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $14,780,000. Provident Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at approximately $6,334,000. Systelligence LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 38.8% during the fourth quarter. Systelligence LLC now owns 394,093 shares of the company’s stock valued at $16,225,000 after acquiring an additional 110,174 shares during the last quarter. Stratos Investment Management LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 27.0% during the fourth quarter. Stratos Investment Management LLC now owns 221,454 shares of the company’s stock valued at $9,117,000 after acquiring an additional 47,043 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at approximately $1,443,000.

Fidelity Small-Mid Multifactor ETF Trading Down 1.5 %

Shares of FSMD opened at $38.04 on Friday. The company has a market capitalization of $776.02 million, a price-to-earnings ratio of 17.43 and a beta of 1.08. The stock has a 50 day moving average of $41.55 and a 200 day moving average of $41.77. Fidelity Small-Mid Multifactor ETF has a 12 month low of $35.99 and a 12 month high of $45.16.

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.