Fidelity Small-Mid Multifactor ETF (FSMD)
| Assets | $585.32M |
| Expense Ratio | 0.15% |
| PE Ratio | 15.99 |
| Shares Out | 13.70M |
| Dividend (ttm) | $0.52 |
| Dividend Yield | 1.20% |
| Ex-Dividend Date | Sep 20, 2024 |
| Payout Ratio | 19.16% |
| 1-Year Return | +30.23% |
| Volume | 100,749 |
| Open | 43.41 |
| Previous Close | 42.93 |
| Day's Range | 42.55 - 43.41 |
| 52-Week Low | 32.99 |
| 52-Week High | 44.55 |
| Beta | 1.06 |
| Holdings | 599 |
| Inception Date | Feb 26, 2019 |
About FSMD
Fund Home PageThe Fidelity Small-Mid Multifactor 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 issued by Fidelity.
Top 10 Holdings
5.17% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Securities Lending Cash Central Fund | n/a | 1.28% |
| Texas Pacific Land Corporation | TPL | 0.58% |
| EMCOR Group, Inc. | EME | 0.46% |
| Live Nation Entertainment, Inc. | LYV | 0.44% |
| Interactive Brokers Group, Inc. | IBKR | 0.43% |
| NRG Energy, Inc. | NRG | 0.43% |
| Natera, Inc. | NTRA | 0.41% |
| Lennox International Inc. | LII | 0.39% |
| Snap-on Incorporated | SNA | 0.38% |
| Nutanix, Inc. | NTNX | 0.37% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 20, 2024 | $0.137 | Sep 24, 2024 |
| Jun 21, 2024 | $0.135 | Jun 25, 2024 |
| Mar 15, 2024 | $0.126 | Mar 20, 2024 |
| Dec 15, 2023 | $0.117 | Dec 20, 2023 |
| Sep 15, 2023 | $0.122 | Sep 20, 2023 |
| Jun 16, 2023 | $0.122 | Jun 22, 2023 |
News
5 ETFs For When Market Volatility Spikes
Market volatility remains a fairly persistent aspect for investors to contend with in the back half of the year. With elevated short-term volatility risks in the fourth quarter, Fidelity offers five E...
Rate Cuts Benefit These 2 Equity Categories
Interest rate cuts historically benefit equities, resulting in outperformance for the next year after the initial rate cut. Pockets of more pronounced opportunity may exist within stocks for investors...
FSMD: Outperforming Small And Mid-Cap Benchmarks With Lower Volatility
Lower interest rates are expected to improve the outlook for small and mid-cap stocks, making FSMD a suitable investment in this environment. FSMD's multifactor approach has delivered superior returns...
3 ETFs to Harness Small-Cap Rebound Potential in Falling Rates
As the Federal Reserve turned its eye from inflation to protecting the labor market at August's Jackson Hole meeting, markets rose in hopes of rate cuts beginning at the end of the third quarter. A fa...
What You Don't Know About These Vanguard And Fidelity ETFs Can Hurt Your Alpha
Vanguard offers factor-based ETFs that have shown outstanding performance compared to unmanaged, index-based comparison ETFs. Factor-based ETFs have now become mainstream investments, with a market sh...
FSMD: Nicely Balanced Multifactor Approach, Yet Incapable Of Outcompeting The Market
Passively managed FSMD applies a multifactor approach to small- and mid-cap stocks. The factors amalgamated are value, quality, low volatility, and momentum. The current iteration of the FSMD portfoli...
FSMD: It Works For SMMD
Fidelity Small-Mid Multifactor ETF offers a twist on market-cap weighted indexing with a multifactor, rules-based approach. The FSMD fund is well-diversified with nearly 600 holdings and attractive va...
FSMD: Strategic Beta Beats Market-Cap-Weighted, But It's Not Perfect
The Fidelity Small-Mid Multifactor ETF is a strategic beta ETF that focuses on investing in small- and mid-cap U.S. companies. FSMD has outperformed passive SMID-cap indices over the last three years ...