The Fidelity Small-Mid Multifactor ETF (FSMD) experienced a significant week-over-week outflow of approximately $577 million, marking an 18.7% decrease in shares outstanding from 61.1 million to 49.7 million. As of the last trade, FSMD’s share price stood at $51.12, with a 52-week range between $41.858 and $53.48.
Key underlying components of FSMD include Tenet Healthcare Corp. (THC), which is down 0.5%, Guardant Health Inc (GH) at a decrease of 0.6%, and nVent Electric PLC (NVT), reduced by 0.4%. This notable outflow could impact the ETF’s underlying holdings due to the selling of these assets.
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