Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.95 and traded as high as $45.09. Fidelity Small-Mid Multifactor ETF shares last traded at $44.58, with a volume of 115,732 shares traded.

Fidelity Small-Mid Multifactor ETF Stock Down 0.3 %

The firm has a market cap of $374.47 million, a PE ratio of 14.18 and a beta of 0.98. The company has a 50-day simple moving average of $42.01 and a two-hundred day simple moving average of $39.95.

Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Planning Group LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 8.4% in the 3rd quarter. Retirement Planning Group LLC now owns 2,294,135 shares of the company’s stock worth $94,977,000 after purchasing an additional 177,629 shares during the period. Commonwealth Equity Services LLC increased its position in Fidelity Small-Mid Multifactor ETF by 25.2% in the third quarter. Commonwealth Equity Services LLC now owns 1,476,600 shares of the company’s stock worth $61,131,000 after buying an additional 297,662 shares during the last quarter. Parcion Private Wealth LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter valued at $19,419,000. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 300,425 shares of the company’s stock valued at $11,320,000 after buying an additional 70,750 shares during the period. Finally, Systelligence LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at $11,754,000.

Fidelity Small-Mid Multifactor 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.