Fidelity Small-Mid Multifactor ETF $FSMD Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,738 shares of the company’s stock after selling 1,409 shares during the period. Stratos Wealth Partners LTD.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 4.6% in the first quarter. Commonwealth Equity Services LLC now owns 1,830,636 shares of the company’s stock worth $71,688,000 after acquiring an additional 79,780 shares during the last quarter. Advocacy Wealth Management Services LLC acquired a new position in Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $28,174,000. LPL Financial LLC lifted its position in Fidelity Small-Mid Multifactor ETF by 74.6% during the first quarter. LPL Financial LLC now owns 620,790 shares of the company’s stock valued at $24,310,000 after buying an additional 265,301 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Fidelity Small-Mid Multifactor ETF by 14.5% during the first quarter. Envestnet Asset Management Inc. now owns 437,937 shares of the company’s stock valued at $17,150,000 after buying an additional 55,555 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Fidelity Small-Mid Multifactor ETF by 56.1% during the first quarter. Cetera Investment Advisers now owns 375,075 shares of the company’s stock valued at $14,688,000 after buying an additional 134,872 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Up 0.6%

Shares of FSMD stock opened at $44.11 on Friday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 16.74 and a beta of 1.04. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $33.95 and a fifty-two week high of $45.16. The firm’s 50 day moving average price is $43.76 and its two-hundred day moving average price is $41.61.

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.