RFG Advisory LLC Cuts Stake in Fidelity Fundamental Small-Mid Cap ETF $FFSM

RFG Advisory LLC lowered its stake in shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) by 9.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 759,366 shares of the company’s stock after selling 83,817 shares during the quarter. Fidelity Fundamental Small-Mid Cap ETF makes up approximately 0.5% of RFG Advisory LLC’s portfolio, making the stock its 29th largest holding. RFG Advisory LLC owned about 2.98% of Fidelity Fundamental Small-Mid Cap ETF worth $29,015,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Elevation Wealth Management LLC bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the second quarter worth about $208,000. Buska Wealth Management LLC boosted its stake in Fidelity Fundamental Small-Mid Cap ETF by 180.9% in the second quarter. Buska Wealth Management LLC now owns 127,234 shares of the company’s stock valued at $4,862,000 after acquiring an additional 81,933 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 316.5% during the 1st quarter. Cetera Investment Advisers now owns 61,638 shares of the company’s stock valued at $1,969,000 after acquiring an additional 46,838 shares during the period. SK Wealth Management LLC grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 1.1% during the 1st quarter. SK Wealth Management LLC now owns 174,090 shares of the company’s stock valued at $5,659,000 after acquiring an additional 1,818 shares during the period. Finally, Dahring Cusmano LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the 1st quarter worth approximately $1,786,000.

Fidelity Fundamental Small-Mid Cap ETF Trading Down 0.8%

BATS:FFSM opened at $36.18 on Wednesday. The stock has a market capitalization of $922.59 million, a PE ratio of 16.79 and a beta of 1.09. The firm’s 50 day moving average is $37.06 and its 200 day moving average is $35.56. Fidelity Fundamental Small-Mid Cap ETF has a 12 month low of $28.23 and a 12 month high of $38.48.

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.