Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 1-Year High – Still a Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $34.39 and last traded at $34.28, with a volume of 13010 shares changing hands. The stock had previously closed at $34.07.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.7%

The business’s fifty day moving average is $32.30 and its two-hundred day moving average is $30.34. The company has a market capitalization of $874.55 million, a PE ratio of 16.79 and a beta of 1.09.

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

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its position in Fidelity Fundamental Small-Mid Cap ETF by 227.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,156,899 shares of the company’s stock worth $35,505,000 after buying an additional 803,856 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 80.2% in the fourth quarter. RFG Advisory LLC now owns 706,371 shares of the company’s stock worth $21,679,000 after acquiring an additional 314,429 shares during the period. MAI Capital Management purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter valued at approximately $8,734,000. Gaddis Premier Wealth Advisors LLC purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter valued at $6,379,000. Finally, Clarity Retirement & Wealth LLC bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter valued at $2,793,000.

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.