Stratos Wealth Advisors LLC Buys 2,888 Shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Stratos Wealth Advisors LLC boosted its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 14.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,722 shares of the company’s stock after acquiring an additional 2,888 shares during the period. Stratos Wealth Advisors LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $941,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Trademark Financial Management LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 2.6% in the second quarter. Trademark Financial Management LLC now owns 35,271 shares of the company’s stock valued at $1,329,000 after acquiring an additional 900 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Fidelity Small-Mid Multifactor ETF by 17.4% in the second quarter. J.W. Cole Advisors Inc. now owns 6,292 shares of the company’s stock valued at $237,000 after acquiring an additional 933 shares during the last quarter. Cedar Point Capital Partners LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 8.6% in the first quarter. Cedar Point Capital Partners LLC now owns 14,157 shares of the company’s stock valued at $550,000 after acquiring an additional 1,123 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 164,160 shares of the company’s stock worth $6,186,000 after buying an additional 1,615 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 21.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,009 shares of the company’s stock worth $641,000 after buying an additional 2,988 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Fidelity Small-Mid Multifactor ETF stock opened at $42.19 on Monday. The stock has a market capitalization of $354.40 million, a price-to-earnings ratio of 14.18 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52-week low of $30.30 and a 52-week high of $42.73. The stock’s 50 day moving average price is $40.53 and its two-hundred day moving average price is $38.94.

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.