Avantax Advisory Services Inc. Has $2.21 Million Stock Position in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)

Avantax Advisory Services Inc. raised its stake in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,733 shares of the company’s stock after buying an additional 6,409 shares during the period. Avantax Advisory Services Inc. owned 0.64% of Fidelity Small-Mid Multifactor ETF worth $2,212,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new stake in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $409,000. JPMorgan Chase & Co. boosted its position in Fidelity Small-Mid Multifactor ETF by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 6,948 shares of the company’s stock valued at $288,000 after buying an additional 659 shares in the last quarter. Principal Securities Inc. boosted its position in Fidelity Small-Mid Multifactor ETF by 88.7% in 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 in the last quarter. Private Advisor Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at approximately $248,000. Finally, FMR LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 126.6% during the third quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after acquiring an additional 1,029 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

FSMD stock opened at $38.77 on Monday. The company has a fifty day moving average price of $41.49 and a 200-day moving average price of $41.78. The company has a market capitalization of $790.91 million, a P/E ratio of 17.43 and a beta of 1.08. Fidelity Small-Mid Multifactor ETF has a 52-week low of $35.99 and a 52-week high of $45.16.

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.