Institutional Activity Increases in FSMD ETF Private Advisor Group LLC recently invested $248,000 in Fidelity Small-Mid Multifactor ETF (FSMD), acquiring 6,016 shares. Other institutional investors, including JPMorgan Chase, also increased their holdings, reflecting growing interest in this ETF. FSMD opened at $39.31, with a 1-year range of $35.99 to $45.16, showcasing its appeal in the small-mid-cap segment.2