Kestra Investment Management LLC Buys Shares of 1,293 Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Kestra Investment Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,293 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 25.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 10,071 shares of the company’s stock valued at $415,000 after purchasing an additional 2,043 shares in the last quarter. Systelligence LLC lifted its holdings in Fidelity Small-Mid Multifactor ETF by 38.8% in the 4th quarter. Systelligence LLC now owns 394,093 shares of the company’s stock valued at $16,225,000 after purchasing an additional 110,174 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 17.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,961 shares of the company’s stock valued at $328,000 after acquiring an additional 1,201 shares during the last quarter. Kuhn & Co Investment Counsel increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 37.1% during the 4th quarter. Kuhn & Co Investment Counsel now owns 8,616 shares of the company’s stock valued at $355,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 88.7% during the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after acquiring an additional 851 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA FSMD opened at $41.02 on Friday. Fidelity Small-Mid Multifactor ETF has a 12 month low of $35.99 and a 12 month high of $45.16. The company has a 50-day moving average of $42.06 and a 200-day moving average of $41.72. The company has a market cap of $344.57 million, a P/E ratio of 14.18 and a beta of 0.98.

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.