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

Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)’s share price traded down 0.6% on Thursday . The stock traded as low as $36.59 and last traded at $36.92. 15,165 shares traded hands 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 Up 0.2 %

The firm has a 50 day moving average price of $37.51 and a two-hundred day moving average price of $35.37. The company has a market capitalization of $214.66 million, a price-to-earnings ratio of 13.50 and a beta of 0.98.

Institutional Trading of Fidelity Small-Mid Factor ETF

Several large investors have recently modified their holdings of FSMD. Lincoln National Corp grew its stake in Fidelity Small-Mid Factor ETF by 0.7% in the fourth quarter. Lincoln National Corp now owns 48,486 shares of the company’s stock worth $1,757,000 after purchasing an additional 314 shares in the last quarter. Merit Financial Group LLC grew its stake in Fidelity Small-Mid Factor ETF by 23.3% in the fourth quarter. Merit Financial Group LLC now owns 10,040 shares of the company’s stock worth $364,000 after purchasing an additional 1,900 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity Small-Mid Factor ETF in the first quarter valued at approximately $202,000. Trademark Financial Management LLC acquired a new position in Fidelity Small-Mid Factor ETF in the fourth quarter valued at approximately $211,000. Finally, AE Wealth Management LLC boosted its stake in Fidelity Small-Mid Factor ETF by 24.6% in the third quarter. AE Wealth Management LLC now owns 30,700 shares of the company’s stock valued at $991,000 after acquiring an additional 6,067 shares during the period.

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.