Advocacy Wealth Management LLC Buys 35,055 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Advocacy Wealth Management LLC boosted its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 545,451 shares of the company’s stock after acquiring an additional 35,055 shares during the period. Fidelity Small-Mid Multifactor ETF makes up approximately 1.0% of Advocacy Wealth Management LLC’s holdings, making the stock its 26th largest holding. Advocacy Wealth Management LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $24,071,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new stake in Fidelity Small-Mid Multifactor ETF in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $33,000. Creative Financial Designs Inc. ADV grew its position in Fidelity Small-Mid Multifactor ETF by 283.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after purchasing an additional 721 shares during the period. Ameritas Advisory Services LLC grew its position in Fidelity Small-Mid Multifactor ETF by 329.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 2,020 shares of the company’s stock worth $89,000 after purchasing an additional 1,550 shares during the period. Finally, IFP Advisors Inc grew its position in Fidelity Small-Mid Multifactor ETF by 96.3% in the 3rd quarter. IFP Advisors Inc now owns 2,246 shares of the company’s stock worth $99,000 after purchasing an additional 1,102 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Up 0.4%

NYSEARCA:FSMD opened at $49.94 on Tuesday. Fidelity Small-Mid Multifactor ETF has a 12 month low of $40.18 and a 12 month high of $50.83. The company has a market cap of $2.42 billion, a PE ratio of 16.74 and a beta of 0.94. The company has a 50 day simple moving average of $48.42 and a two-hundred day simple moving average of $46.47.

Fidelity Small-Mid Multifactor ETF 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.