About Fidelity Covington Trust - Fidelity Small-Mid Factor ETF (FSMD)

Fidelity Covington Trust - Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that aims to provide investors with exposure to small and mid-cap stocks exhibiting favorable investment characteristics. The fund is managed by Fidelity Investments and seeks to track the performance of the Fidelity Small-Mid Factor Index. With a focus on factor-based investing, FSMD aims to capture the excess return potential associated with factors like value, quality, momentum, and low volatility.

Investors interested in FSMD can track its price history to analyze its performance over time. This can provide insights into how the fund has performed in different market conditions and help investors make informed decisions. Additionally, monitoring the market capitalization of FSMD can give a sense of its size and relative importance in the market. The PEG ratio, which compares a company's price-to-earnings ratio to its expected earnings growth rate, can provide further information about the valuation of FSMD compared to its peers.