Stratos Wealth Partners LTD. Reduces Holdings in Fidelity Small-Mid Multifactor ETF $FSMD

Stratos Wealth Partners LTD. lowered its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 12.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 116.7% during the second quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock valued at $47,000 after purchasing an additional 616 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 8,857.1% during the first quarter. Sunbelt Securities Inc. now owns 1,254 shares of the company’s stock valued at $49,000 after purchasing an additional 1,240 shares during the period. Nova Wealth Management Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 45.8% during the first quarter. Nova Wealth Management Inc. now owns 3,088 shares of the company’s stock valued at $121,000 after purchasing an additional 970 shares during the period. Parallel Advisors LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the second quarter valued at approximately $159,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 216.9% during the first quarter. Cullen Frost Bankers Inc. now owns 6,237 shares of the company’s stock valued at $244,000 after purchasing an additional 4,269 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Up 0.6%

Shares of NYSEARCA:FSMD opened at $44.11 on Friday. The company has a fifty day simple moving average of $43.76 and a 200 day simple moving average of $41.61. The firm has a market cap of $1.83 billion, a PE ratio of 16.74 and a beta of 1.04. Fidelity Small-Mid Multifactor ETF has a 12-month low of $33.95 and a 12-month high of $45.16.

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.