Kestra Advisory Services LLC Boosts Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Kestra Advisory Services LLC lifted its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 5.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 367,237 shares of the company’s stock after buying an additional 17,463 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $14,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at $202,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at $208,000. Trademark Financial Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at $211,000. Merit Financial Group LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 23.3% in the 4th quarter. Merit Financial Group LLC now owns 10,040 shares of the company’s stock valued at $364,000 after buying an additional 1,900 shares during the period. Finally, Clarity Asset Management Inc. purchased a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth about $417,000.

Fidelity Small-Mid Multifactor ETF Stock Up 1.8 %

NYSEARCA FSMD traded up $0.71 during trading hours on Friday, hitting $40.60. 103,298 shares of the company were exchanged, compared to its average volume of 78,446. The company has a 50 day moving average of $38.21 and a two-hundred day moving average of $37.52. Fidelity Small-Mid Multifactor ETF has a 52-week low of $30.30 and a 52-week high of $40.72. The firm has a market cap of $341.04 million, a price-to-earnings 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.