Rehmann Capital Advisory Group Has $702,000 Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

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

Several other hedge funds and other institutional investors have also modified their holdings of FSMD. Wealth Enhancement Advisory Services LLC grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 21.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,009 shares of the company’s stock worth $641,000 after acquiring an additional 2,988 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter worth $263,000. Cambridge Investment Research Advisors Inc. boosted its stake in Fidelity Small-Mid Multifactor ETF by 14.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,198 shares of the company’s stock worth $1,515,000 after buying an additional 5,035 shares in the last quarter. Sterling Manor Financial LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter worth $7,083,000. Finally, Trademark Financial Management LLC boosted its stake in Fidelity Small-Mid Multifactor ETF by 2.6% during the second quarter. Trademark Financial Management LLC now owns 35,271 shares of the company’s stock worth $1,329,000 after buying an additional 900 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD opened at $43.57 on Friday. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $34.35 and a fifty-two week high of $45.16. The firm’s fifty day moving average price is $42.75 and its two-hundred day moving average price is $40.40. The company has a market capitalization of $365.99 million, a P/E ratio of 14.18 and a beta of 0.98.

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.