Stifel Financial Corp Increases Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Stifel Financial Corp raised its position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 4,745.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,414 shares of the company’s stock after acquiring an additional 254,060 shares during the quarter. Stifel Financial Corp owned approximately 3.09% of Fidelity Small-Mid Multifactor ETF worth $10,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSMD. Stratos Wealth Partners LTD. bought a new stake in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at $409,000. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $288,000 after purchasing an additional 659 shares in the last quarter. Principal Securities Inc. increased its position in shares of Fidelity Small-Mid Multifactor ETF by 88.7% during the fourth quarter. Principal Securities Inc. now owns 1,810 shares of the company’s stock valued at $75,000 after buying an additional 851 shares during the period. Private Advisor Group LLC bought a new position in Fidelity Small-Mid Multifactor ETF in the fourth quarter worth about $248,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at approximately $14,780,000.

Fidelity Small-Mid Multifactor ETF Stock Down 0.1 %

Shares of FSMD stock opened at $38.13 on Friday. The business’s fifty day moving average is $38.65 and its 200 day moving average is $41.16. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.41 and a beta of 0.99. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month 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.