Fidelity Small-Mid Multifactor ETF $FSMD Stock: Provident Wealth Management LLC Reduces Position

Provident Wealth Management LLC decreased its position in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) by 27.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,308 shares of the company’s stock after selling 44,188 shares during the period. Fidelity Small-Mid Multifactor ETF accounts for approximately 2.2% of Provident Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Provident Wealth Management LLC’s holdings in Fidelity Small-Mid Multifactor ETF were worth $5,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSMD. Retirement Planning Group LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the third quarter worth approximately $283,464,000. Fortitude Financial LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 2.4% in the 3rd quarter. Fortitude Financial LLC now owns 81,415 shares of the company’s stock valued at $4,003,000 after acquiring an additional 1,920 shares during the period. Riverbend Wealth Management LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 16.5% in the 3rd quarter. Riverbend Wealth Management LLC now owns 36,480 shares of the company’s stock valued at $1,794,000 after acquiring an additional 5,178 shares during the period. Summit Financial Wealth Advisors LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at $1,011,000. Finally, Focus Financial Network Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 7.6% in the 3rd quarter. Focus Financial Network Inc. now owns 18,327 shares of the company’s stock valued at $901,000 after purchasing an additional 1,293 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA:FSMD opened at $49.85 on Wednesday. The stock has a market cap of $2.54 billion, a P/E ratio of 16.74 and a beta of 0.94. The firm has a fifty day moving average price of $50.68 and a 200 day moving average price of $50.31. Fidelity Small-Mid Multifactor ETF has a 1-year low of $41.86 and a 1-year high of $53.48.

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.