Avantax Advisory Services Inc. Increases Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Avantax Advisory Services Inc. boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,733 shares of the company’s stock after acquiring an additional 6,409 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity Small-Mid Multifactor ETF were worth $2,212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 10.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after buying an additional 659 shares during the period. Silver Oak Securities Incorporated grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 10.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 7,336 shares of the company’s stock valued at $302,000 after buying an additional 667 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at approximately $29,000. Principal Securities Inc. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 88.7% in the 4th 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. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 105.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,968 shares of the company’s stock valued at $81,000 after buying an additional 1,010 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD stock opened at $38.77 on Monday. The firm’s 50 day moving average price is $41.49 and its 200-day moving average price is $41.78. Fidelity Small-Mid Multifactor ETF has a one year low of $35.99 and a one year high of $45.16. The firm has a market cap of $790.91 million, a P/E ratio of 17.43 and a beta of 1.08.

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.