Commonwealth Equity Services LLC Acquires 57,874 Shares of Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)

Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 721,864 shares of the company’s stock after acquiring an additional 57,874 shares during the quarter. Commonwealth Equity Services LLC owned approximately 21.23% of Fidelity Small-Mid Factor ETF worth $24,139,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FSMD. UBS Group AG acquired a new stake in shares of Fidelity Small-Mid Factor ETF in the 1st quarter valued at approximately $47,000. Ameritas Advisory Services LLC acquired a new stake in Fidelity Small-Mid Factor ETF during the 1st quarter valued at $65,000. Magnolia Capital Advisors LLC lifted its holdings in Fidelity Small-Mid Factor ETF by 18.5% during the 1st quarter. Magnolia Capital Advisors LLC now owns 11,253 shares of the company’s stock valued at $363,000 after purchasing an additional 1,756 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Fidelity Small-Mid Factor ETF during the 1st quarter valued at $445,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Fidelity Small-Mid Factor ETF during the 4th quarter valued at $527,000.

Fidelity Small-Mid Factor ETF Price Performance

FSMD stock opened at $33.12 on Tuesday. The stock has a market capitalization of $115.92 million, a price-to-earnings ratio of 12.67 and a beta of 1.04. The business’s fifty day moving average price is $31.98 and its two-hundred day moving average price is $32.73. Fidelity Small-Mid Factor ETF has a fifty-two week low of $30.30 and a fifty-two week high of $34.76.

Fidelity Small-Mid Factor ETF Company 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.