Kestra Investment Management LLC Makes New $55.48 Million Investment in Fidelity Small-Mid Multifactor ETF $FSMD

Kestra Investment Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,257,283 shares of the company’s stock, valued at approximately $55,484,000. Fidelity Small-Mid Multifactor ETF comprises 1.4% of Kestra Investment Management LLC’s investment portfolio, making the stock its 21st biggest holding. Kestra Investment Management LLC owned about 2.84% of Fidelity Small-Mid Multifactor ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CLG LLC raised its holdings in Fidelity Small-Mid Multifactor ETF by 4.3% during the 2nd quarter. CLG LLC now owns 7,204 shares of the company’s stock worth $299,000 after purchasing an additional 298 shares during the last quarter. Spire Wealth Management raised its holdings in Fidelity Small-Mid Multifactor ETF by 1.6% during the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock worth $984,000 after purchasing an additional 352 shares during the last quarter. Merit Financial Group LLC raised its holdings in Fidelity Small-Mid Multifactor ETF by 3.4% during the 3rd quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock worth $542,000 after purchasing an additional 410 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Fidelity Small-Mid Multifactor ETF by 1.1% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 37,486 shares of the company’s stock worth $1,650,000 after purchasing an additional 418 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,036 shares of the company’s stock valued at $487,000 after acquiring an additional 471 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA:FSMD opened at $49.69 on Tuesday. The company has a fifty day moving average of $47.27 and a 200-day moving average of $45.96. The firm has a market capitalization of $2.40 billion, a P/E ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a twelve month low of $39.61 and a twelve month high of $50.44.

Fidelity Small-Mid Multifactor ETF Company 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.