Advisory Services Network LLC Raises Holdings in Fidelity Small-Mid Multifactor ETF $FSMD

Advisory Services Network LLC boosted its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 112.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,702 shares of the company’s stock after purchasing an additional 73,452 shares during the quarter. Advisory Services Network LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $5,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Fidelity Small-Mid Multifactor ETF by 80.7% in the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 305 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter worth about $33,000. IFP Advisors Inc lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 116.7% in the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after purchasing an additional 616 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at about $121,000. Finally, Nova Wealth Management Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 45.8% during the 1st quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock worth $121,000 after buying an additional 970 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 0.1%

NYSEARCA:FSMD opened at $44.96 on Tuesday. The company’s 50-day moving average price is $43.61 and its 200-day moving average price is $42.90. The company has a market cap of $1.86 billion, a P/E ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $45.55.

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.