Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) Trading Down 0.6%

Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) shares fell 0.6% during mid-day trading on Thursday . The stock traded as low as $36.59 and last traded at $36.92. 15,165 shares were traded during trading, a decline of 83% from the average session volume of 87,602 shares. The stock had previously closed at $37.14.

Fidelity Small-Mid Factor ETF Stock Performance

The company has a 50 day moving average of $37.50 and a 200-day moving average of $35.33. The stock has a market cap of $214.14 million, a price-to-earnings ratio of 13.50 and a beta of 0.98.

Institutional Investors Weigh In On Fidelity Small-Mid Factor ETF

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in Fidelity Small-Mid Factor ETF in the 1st quarter valued at about $202,000. Trademark Financial Management LLC acquired a new stake in Fidelity Small-Mid Factor ETF in the 4th quarter valued at about $211,000. Merit Financial Group LLC raised its position in Fidelity Small-Mid Factor ETF by 23.3% in the 4th quarter. Merit Financial Group LLC now owns 10,040 shares of the company’s stock valued at $364,000 after purchasing an additional 1,900 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Fidelity Small-Mid Factor ETF in the 4th quarter valued at about $417,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in Fidelity Small-Mid Factor ETF in the 4th quarter valued at about $420,000.

Fidelity Small-Mid Factor 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.