Kestra Advisory Services LLC Raises Stock Holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Kestra Advisory Services LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 367,237 shares of the company’s stock after buying an additional 17,463 shares during the quarter. Kestra Advisory Services LLC owned 4.37% of Fidelity Small-Mid Multifactor ETF worth $14,271,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in Fidelity Small-Mid Multifactor ETF by 13.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,045,565 shares of the company’s stock worth $40,631,000 after buying an additional 123,224 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF in the 1st quarter worth about $9,247,000. Osaic Holdings Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 45.6% in the 1st quarter. Osaic Holdings Inc. now owns 195,339 shares of the company’s stock worth $7,591,000 after buying an additional 61,162 shares during the last quarter. Lincoln National Corp raised its position in Fidelity Small-Mid Multifactor ETF by 0.7% in the 4th quarter. Lincoln National Corp now owns 48,486 shares of the company’s stock worth $1,757,000 after buying an additional 314 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 1st quarter valued at about $1,596,000.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA FSMD traded up $0.71 during midday trading on Friday, hitting $40.60. 103,298 shares of the company’s stock traded hands, compared to its average volume of 78,446. Fidelity Small-Mid Multifactor ETF has a 1 year low of $30.30 and a 1 year high of $40.72. The stock has a market capitalization of $341.04 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. The firm has a fifty day moving average of $38.21 and a 200 day moving average of $37.52.

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.