Provident Wealth Management LLC Sells 44,188 Shares of Fidelity Small-Mid Multifactor ETF $FSMD

Provident Wealth Management LLC lowered its stake in shares of Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Free Report) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,308 shares of the company’s stock after selling 44,188 shares during the quarter. Fidelity Small-Mid Multifactor ETF makes up about 2.2% of Provident Wealth Management LLC’s holdings, making the stock its 10th biggest position. Provident Wealth Management LLC owned 0.23% of Fidelity Small-Mid Multifactor ETF worth $5,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Retirement Planning Group LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at $283,464,000. Fortitude Financial LLC grew its position 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 buying an additional 1,920 shares during the last quarter. Riverbend Wealth Management LLC grew its position 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 buying an additional 5,178 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter valued at $1,011,000. Finally, Focus Financial Network Inc. raised its stake in Fidelity Small-Mid Multifactor ETF by 7.6% during the 3rd quarter. Focus Financial Network Inc. now owns 18,327 shares of the company’s stock worth $901,000 after acquiring an additional 1,293 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of FSMD opened at $49.85 on Wednesday. Fidelity Small-Mid Multifactor ETF has a 1-year low of $41.86 and a 1-year high of $53.48. The stock has a market cap of $2.54 billion, a PE 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 Profile

(Free Report)

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.

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