Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $35.09 and traded as low as $34.75. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $34.82, with a volume of 274,862 shares changing hands.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

The company has a market cap of $1.52 billion, a P/E ratio of 19.36 and a beta of 1.07. The business has a 50 day moving average price of $34.49 and a two-hundred day moving average price of $35.09.

Hedge Funds Weigh In On Fidelity Fundamental Small-Mid Cap ETF

Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 81.2% in the first quarter. Kestra Advisory Services LLC now owns 30,581 shares of the company’s stock valued at $977,000 after purchasing an additional 13,707 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter valued at approximately $3,950,000. Dahring Cusmano LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the first quarter valued at approximately $1,786,000. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 43.1% in the second quarter. Envestnet Asset Management Inc. now owns 181,554 shares of the company’s stock worth $6,937,000 after purchasing an additional 54,716 shares during the last quarter. Finally, Precedent Wealth Partners LLC grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 74.5% in the third quarter. Precedent Wealth Partners LLC now owns 378,907 shares of the company’s stock worth $12,818,000 after purchasing an additional 161,742 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.