Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 1-Year High – Should You Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $32.04 and last traded at $32.2250, with a volume of 338019 shares trading hands. The stock had previously closed at $31.58.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The business’s 50-day simple moving average is $30.77 and its two-hundred day simple moving average is $29.36. The stock has a market cap of $821.74 million, a price-to-earnings ratio of 16.79 and a beta of 1.09.

Institutional Investors Weigh In On Fidelity Fundamental Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FFSM. Dentgroup LLC grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 86.3% during the 3rd quarter. Dentgroup LLC now owns 57,293 shares of the company’s stock worth $1,674,000 after acquiring an additional 26,543 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at $76,000. Creative Planning acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the second quarter worth $595,000. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 48.6% in the second quarter. Envestnet Asset Management Inc. now owns 18,179 shares of the company’s stock worth $494,000 after purchasing an additional 5,946 shares during the last quarter. Finally, SK Wealth Management LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 21.7% in the second quarter. SK Wealth Management LLC now owns 153,131 shares of the company’s stock worth $4,260,000 after purchasing an additional 27,282 shares during the last quarter.

About Fidelity Fundamental Small-Mid Cap ETF

The Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model. FFSM was launched on Feb 2, 2021 and is issued by Fidelity.