Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Fidelity Small-Mid Multifactor ETF Stock Performance

The business’s fifty day moving average is $42.01 and its 200-day moving average is $39.95. The firm has a market cap of $374.47 million, a P/E ratio of 14.18 and a beta of 0.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter valued at about $29,000. FMR LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 126.6% in the third quarter. FMR LLC now owns 1,842 shares of the company’s stock valued at $76,000 after acquiring an additional 1,029 shares during the last quarter. Eastern Bank acquired a new stake in Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at approximately $83,000. J.W. Cole Advisors Inc. lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 17.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,292 shares of the company’s stock worth $237,000 after purchasing an additional 933 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth approximately $263,000.

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.