Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Position Decreased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,961 shares of the company’s stock after selling 3,566 shares during the period. Rehmann Capital Advisory Group owned approximately 0.20% of Fidelity Small-Mid Multifactor ETF worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the 3rd quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after purchasing an additional 1,029 shares in the last quarter. Systelligence LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth about $11,754,000. Cedar Point Capital Partners LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 6.1% in the third quarter. Cedar Point Capital Partners LLC now owns 16,793 shares of the company’s stock worth $695,000 after buying an additional 971 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 32.7% in the third quarter. Farther Finance Advisors LLC now owns 15,898 shares of the company’s stock worth $658,000 after buying an additional 3,914 shares during the period. Finally, Sterling Manor Financial LLC boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 6.9% in the third quarter. Sterling Manor Financial LLC now owns 201,041 shares of the company’s stock worth $8,323,000 after buying an additional 13,059 shares during the period.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of FSMD opened at $43.57 on Friday. Fidelity Small-Mid Multifactor ETF has a one year low of $34.35 and a one year high of $45.16. The company has a 50-day moving average of $42.75 and a two-hundred day moving average of $40.40. The stock has a market cap of $365.99 million, a price-to-earnings ratio of 14.18 and a beta of 0.98.

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.