Commonwealth Equity Services LLC Makes New Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Commonwealth Equity Services LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the third quarter, Holdings Channel reports. The institutional investor acquired 3,348,994 shares of the company’s stock, valued at approximately $164,670,000. Commonwealth Equity Services LLC owned 0.07% of Fidelity Small-Mid Multifactor ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSMD. Chicago Partners Investment Group LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter valued at approximately $615,000. Evergreen Private Wealth LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.1% in the 3rd quarter. Evergreen Private Wealth LLC now owns 128,217 shares of the company’s stock valued at $6,304,000 after purchasing an additional 1,363 shares during the period. Kuhn & Co Investment Counsel lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 2.5% in the third quarter. Kuhn & Co Investment Counsel now owns 39,883 shares of the company’s stock valued at $1,961,000 after purchasing an additional 967 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 22.7% in the third quarter. Vise Technologies Inc. now owns 12,221 shares of the company’s stock valued at $601,000 after purchasing an additional 2,262 shares in the last quarter. Finally, FSA Wealth Partners Inc. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 0.3% in the third quarter. FSA Wealth Partners Inc. now owns 134,163 shares of the company’s stock valued at $6,597,000 after purchasing an additional 345 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD stock opened at $48.93 on Friday. The stock has a market capitalization of $2.46 billion, a P/E ratio of 16.74 and a beta of 0.95. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $41.86 and a fifty-two week high of $53.48. The business has a 50-day moving average of $50.19 and a 200-day moving average of $49.19.

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.