IFP Advisors Inc Grows Stock Position in Fidelity Small-Mid Multifactor ETF $FSMD

IFP Advisors Inc increased its holdings in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 1,307.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,604 shares of the company’s stock after buying an additional 29,358 shares during the period. IFP Advisors Inc owned about 0.07% of Fidelity Small-Mid Multifactor ETF worth $1,395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FSMD. Royal Bank of Canada boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 30.9% in the 1st quarter. Royal Bank of Canada now owns 18,651 shares of the company’s stock worth $730,000 after buying an additional 4,399 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 104.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,957 shares of the company’s stock worth $1,643,000 after buying an additional 21,452 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 113.0% in the 1st quarter. Jane Street Group LLC now owns 165,027 shares of the company’s stock worth $6,462,000 after buying an additional 87,542 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 96.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,613 shares of the company’s stock worth $772,000 after buying an additional 9,128 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth about $33,000.

Fidelity Small-Mid Multifactor ETF Stock Up 0.5%

Fidelity Small-Mid Multifactor ETF stock opened at $49.69 on Friday. Fidelity Small-Mid Multifactor ETF has a 52 week low of $39.61 and a 52 week high of $50.44. The firm’s 50-day simple moving average is $47.16 and its 200 day simple moving average is $45.90. The firm has a market capitalization of $2.40 billion, a PE ratio of 16.74 and a beta of 0.94.

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.