Faithward Advisors LLC Buys 14,451 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Faithward Advisors LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 57.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,390 shares of the company’s stock after acquiring an additional 14,451 shares during the period. Faithward Advisors LLC owned about 0.08% of Fidelity Small-Mid Multifactor ETF worth $1,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Equitable Holdings Inc. lifted its position in Fidelity Small-Mid Multifactor ETF by 0.6% during the 4th quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock worth $1,654,000 after buying an additional 228 shares in the last quarter. Principal Securities Inc. boosted its position in Fidelity Small-Mid Multifactor ETF by 4.0% during the fourth quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock valued at $306,000 after purchasing an additional 268 shares during the last quarter. CLG LLC grew its stake in Fidelity Small-Mid Multifactor ETF by 4.3% in the second quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after purchasing an additional 298 shares in the last quarter. Spire Wealth Management grew its stake in Fidelity Small-Mid Multifactor ETF by 1.6% in the fourth quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock valued at $984,000 after purchasing an additional 352 shares in the last quarter. Finally, Merit Financial Group LLC increased its position in shares of 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.

Fidelity Small-Mid Multifactor ETF Trading Down 1.3%

Shares of FSMD opened at $51.36 on Wednesday. The company’s fifty day simple moving average is $49.69 and its 200 day simple moving average is $47.06. Fidelity Small-Mid Multifactor ETF has a 1-year low of $40.76 and a 1-year high of $52.45. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94.

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.