PKS Advisory Services LLC Acquires Shares of 18,774 Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

PKS Advisory Services LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,774 shares of the company’s stock, valued at approximately $773,000. PKS Advisory Services LLC owned approximately 0.22% of Fidelity Small-Mid Multifactor ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Fidelity Small-Mid Multifactor ETF by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock worth $288,000 after buying an additional 659 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 10.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 7,336 shares of the company’s stock valued at $302,000 after acquiring an additional 667 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Fidelity Small-Mid Multifactor ETF in the third quarter valued at about $29,000. Principal Securities Inc. raised its holdings in Fidelity Small-Mid Multifactor ETF by 88.7% during the 4th quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock worth $75,000 after purchasing an additional 851 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Fidelity Small-Mid Multifactor ETF by 105.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,968 shares of the company’s stock valued at $81,000 after purchasing an additional 1,010 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Up 2.4 %

Shares of NYSEARCA FSMD opened at $39.90 on Tuesday. The firm has a market capitalization of $1.02 billion, a PE ratio of 16.87 and a beta of 1.08. The firm’s 50-day moving average is $41.28 and its 200-day moving average is $41.74. Fidelity Small-Mid Multifactor ETF has a 1 year low of $35.99 and a 1 year high of $45.16.

Fidelity Small-Mid Multifactor ETF 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.