Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Shares Pass Above 200-Day Moving Average – Here’s Why

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)’s stock price passed 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.

Fidelity Small-Mid Multifactor ETF Price Performance

The business has a 50-day simple moving average of $42.15 and a 200 day simple moving average of $40.02. The firm has a market cap of $375.31 million, a PE ratio of 14.18 and a beta of 0.98.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Several hedge funds have recently made changes to their positions in the business. J.W. Cole Advisors Inc. grew its stake in shares of Fidelity Small-Mid Multifactor ETF by 17.4% during the second quarter. J.W. Cole Advisors Inc. now owns 6,292 shares of the company’s stock valued at $237,000 after buying an additional 933 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the second quarter worth about $79,750,000. Cetera Advisors LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the first quarter valued at approximately $1,469,000. Farther Finance Advisors LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 32.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,898 shares of the company’s stock worth $658,000 after acquiring an additional 3,914 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Fidelity Small-Mid Multifactor ETF by 21.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,009 shares of the company’s stock worth $641,000 after purchasing an additional 2,988 shares in the last quarter.

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.