Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD) Stock Price Down 0.1%

Fidelity Small-Mid Factor ETF (NYSEARCA:FSMD)’s stock price dropped 0.1% on Monday . The company traded as low as $32.97 and last traded at $32.97. Approximately 5,864 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 14,688 shares. The stock had previously closed at $33.00.

Fidelity Small-Mid Factor ETF Price Performance

The company has a market capitalization of $115.38 million, a price-to-earnings ratio of 12.67 and a beta of 1.04. The stock has a 50 day moving average price of $33.86 and a two-hundred day moving average price of $32.71.

Hedge Funds Weigh In On Fidelity Small-Mid Factor ETF

Institutional investors have recently modified their holdings of the stock. UBS Group AG bought a new position in shares of Fidelity Small-Mid Factor ETF during the 1st quarter valued at about $47,000. Ameritas Advisory Services LLC bought a new position in shares of Fidelity Small-Mid Factor ETF during the 1st quarter valued at about $65,000. Harbour Investments Inc. lifted its holdings in shares of Fidelity Small-Mid Factor ETF by 7,925.0% during the 2nd quarter. Harbour Investments Inc. now owns 3,531 shares of the company’s stock valued at $118,000 after purchasing an additional 3,487 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Fidelity Small-Mid Factor ETF during the 2nd quarter valued at about $149,000. Finally, Magnolia Capital Advisors LLC lifted its stake in Fidelity Small-Mid Factor ETF by 18.5% in the 1st quarter. Magnolia Capital Advisors LLC now owns 11,253 shares of the company’s stock valued at $363,000 after acquiring an additional 1,756 shares in the last quarter.

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.