Private Advisor Group LLC Makes New $248,000 Investment in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Private Advisor Group LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,016 shares of the company’s stock, valued at approximately $248,000. Private Advisor Group LLC owned approximately 0.07% of Fidelity Small-Mid Multifactor ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth $409,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after buying an additional 659 shares during the period. FMR LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 126.6% in the third quarter. FMR LLC now owns 1,842 shares of the company’s stock worth $76,000 after buying an additional 1,029 shares during the period. Principal Securities Inc. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 88.7% in the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after purchasing an additional 851 shares during the last quarter. Finally, Eastern Bank grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 115.7% in the fourth quarter. Eastern Bank now owns 4,345 shares of the company’s stock worth $179,000 after purchasing an additional 2,331 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA FSMD opened at $39.31 on Friday. The stock has a market capitalization of $801.92 million, a PE ratio of 17.43 and a beta of 1.08. Fidelity Small-Mid Multifactor ETF has a 1 year low of $35.99 and a 1 year high of $45.16. The business’s 50-day moving average is $41.79 and its 200 day moving average is $41.82.

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.