Kestra Investment Management LLC Takes Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Kestra Investment Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,293 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its stake in Fidelity Small-Mid Multifactor ETF by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,760 shares of the company’s stock worth $280,000 after acquiring an additional 468 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Fidelity Small-Mid Multifactor ETF by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after buying an additional 659 shares during the period. Silver Oak Securities Incorporated boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 10.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 7,336 shares of the company’s stock worth $302,000 after purchasing an additional 667 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth $29,000. Finally, Principal Securities Inc. boosted its position 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 worth $75,000 after purchasing an additional 851 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Down 2.4 %

Fidelity Small-Mid Multifactor ETF stock opened at $41.02 on Friday. Fidelity Small-Mid Multifactor ETF has a 52 week low of $35.99 and a 52 week high of $45.16. The firm’s 50-day simple moving average is $42.06 and its 200 day simple moving average is $41.72. The firm has a market capitalization of $344.57 million, a PE 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.