Concurrent Investment Advisors LLC Has $716,000 Stake in Fidelity Small-Mid Multifactor ETF $FSMD

Concurrent Investment Advisors LLC grew its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,261 shares of the company’s stock after purchasing an additional 2,185 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $716,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. IFP Advisors Inc boosted its position in Fidelity Small-Mid Multifactor ETF by 116.7% during the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after acquiring an additional 616 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 8,857.1% in the 1st quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock valued at $49,000 after purchasing an additional 1,240 shares during the period. Nova Wealth Management Inc. boosted its position 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 valued at $121,000 after purchasing an additional 970 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at about $159,000. Finally, Focus Financial Network Inc. acquired a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter worth approximately $248,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD opened at $43.06 on Friday. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week high of $45.16. The business’s 50 day moving average price is $43.62 and its two-hundred day moving average price is $41.33. The firm has a market cap of $1.78 billion, a PE ratio of 16.74 and a beta of 1.04.

Fidelity Small-Mid Multifactor 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.