PKS Advisory Services LLC Purchases New Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

PKS Advisory Services LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,774 shares of the company’s stock, valued at approximately $773,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth approximately $409,000. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 659 shares during the period. Principal Securities Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 88.7% in the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after purchasing an additional 851 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF during the 4th quarter worth $248,000. Finally, FMR LLC grew its position in Fidelity Small-Mid Multifactor ETF by 126.6% during the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock worth $76,000 after purchasing an additional 1,029 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA:FSMD opened at $39.90 on Tuesday. Fidelity Small-Mid Multifactor ETF has a one year low of $35.99 and a one year high of $45.16. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.87 and a beta of 1.08. The company has a 50-day simple moving average of $41.28 and a 200-day simple moving average of $41.74.

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.