PNC Financial Services Group Inc. Has $718,000 Stake in Fidelity Small-Mid Multifactor ETF $FSMD

PNC Financial Services Group Inc. grew its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 383.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,057 shares of the company’s stock after acquiring an additional 12,739 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $718,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Emerald Advisors LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 323.7% during the fourth quarter. Emerald Advisors LLC now owns 30,720 shares of the company’s stock worth $1,356,000 after purchasing an additional 23,470 shares during the period. Money Concepts Capital Corp acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at approximately $814,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Small-Mid Multifactor ETF by 5.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,968 shares of the company’s stock valued at $15,135,000 after purchasing an additional 17,264 shares during the period. Farther Finance Advisors LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 7.8% during the 4th quarter. Farther Finance Advisors LLC now owns 194,891 shares of the company’s stock worth $8,601,000 after purchasing an additional 14,173 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 436.1% during the 4th quarter. AE Wealth Management LLC now owns 45,802 shares of the company’s stock worth $2,021,000 after purchasing an additional 37,258 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD stock opened at $50.74 on Monday. The company has a market capitalization of $2.51 billion, a P/E ratio of 16.74 and a beta of 0.93. The company’s 50 day moving average price is $51.08 and its two-hundred day moving average price is $48.34. Fidelity Small-Mid Multifactor ETF has a 52 week low of $40.79 and a 52 week high of $53.00.

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.