Commonwealth Equity Services LLC Buys 297,662 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 25.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,476,600 shares of the company’s stock after purchasing an additional 297,662 shares during the quarter. Commonwealth Equity Services LLC owned about 0.18% of Fidelity Small-Mid Multifactor ETF worth $61,131,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in Fidelity Small-Mid Multifactor ETF during the 1st quarter worth approximately $202,000. J.W. Cole Advisors Inc. bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter worth $208,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at $263,000. Birchcreek Wealth Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at $323,000. Finally, Farther Finance Advisors LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 883.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,984 shares of the company’s stock valued at $449,000 after purchasing an additional 10,765 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.1 %

Fidelity Small-Mid Multifactor ETF stock opened at $42.19 on Friday. The firm has a market capitalization of $354.40 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. The firm’s fifty day moving average price is $40.53 and its two-hundred day moving average price is $38.93. Fidelity Small-Mid Multifactor ETF has a 1-year low of $30.30 and a 1-year high of $42.73.

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.