Sterling Manor Financial LLC Acquires New Shares in Fidelity Small-Mid Multifactor ETF $FSMD

Sterling Manor Financial LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 101,813 shares of the company’s stock, valued at approximately $5,006,000. Fidelity Small-Mid Multifactor ETF comprises about 2.9% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 15th biggest position. Sterling Manor Financial LLC owned 0.20% of Fidelity Small-Mid Multifactor ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Planning Group LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF during the third quarter worth $283,464,000. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,369,532 shares of the company’s stock worth $125,230,000 after buying an additional 260,764 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 12.5% during the 1st quarter. Bank of America Corp DE now owns 1,277,438 shares of the company’s stock worth $57,127,000 after buying an additional 141,664 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 94.5% during the 1st quarter. Sanctuary Advisors LLC now owns 841,578 shares of the company’s stock worth $37,635,000 after buying an additional 408,953 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 14.4% in the 1st quarter. Kestra Advisory Services LLC now owns 558,311 shares of the company’s stock worth $24,968,000 after buying an additional 70,166 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Up 0.6%

Shares of Fidelity Small-Mid Multifactor ETF stock traded up $0.28 on Wednesday, hitting $50.13. The company’s stock had a trading volume of 67,350 shares, compared to its average volume of 141,540. The company has a market capitalization of $2.56 billion, a P/E ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 52-week low of $41.86 and a 52-week high of $53.48. The firm has a fifty day moving average price of $50.68 and a 200-day moving average price of $50.31.

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.