99,366 Fidelity Small-Mid Multifactor ETF $FSMD Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 6.9% during the third quarter, Holdings Channel reports. The fund owned 1,539,359 shares of the company’s stock after acquiring an additional 99,366 shares during the quarter. Fidelity Small-Mid Multifactor ETF makes up 1.4% of Kestra Investment Management LLC’s holdings, making the stock its 19th largest holding. Kestra Investment Management LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $75,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSMD. Focus Financial Network Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 1.2% during the 2nd quarter. Focus Financial Network Inc. now owns 17,034 shares of the company’s stock worth $900,000 after purchasing an additional 202 shares in the last quarter. 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. Allworth Financial LP lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 28.0% in the second quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock valued at $105,000 after purchasing an additional 435 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the first quarter valued at $27,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth $32,000.

Fidelity Small-Mid Multifactor ETF Trading Up 2.6%

Shares of FSMD stock opened at $50.26 on Tuesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 16.74 and a beta of 0.95. Fidelity Small-Mid Multifactor ETF has a 1-year low of $41.86 and a 1-year high of $53.48. The stock’s fifty day simple moving average is $50.12 and its 200-day simple moving average is $49.22.

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.