Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 52-Week High – What’s Next?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.78 and last traded at $33.9310, with a volume of 94916 shares changing hands. The stock had previously closed at $32.6050.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 4.5%

The business’s 50-day simple moving average is $31.79 and its 200 day simple moving average is $29.99. The firm has a market capitalization of $868.68 million, a P/E ratio of 16.79 and a beta of 1.09.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,178 shares of the company’s stock worth $404,000 after purchasing an additional 434 shares in the last quarter. Elyxium Wealth LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter worth approximately $31,000. Harbour Investments Inc. boosted its stake in Fidelity Fundamental Small-Mid Cap ETF by 5.7% in the second quarter. Harbour Investments Inc. now owns 23,088 shares of the company’s stock valued at $628,000 after acquiring an additional 1,235 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 15.0% during the second quarter. Benjamin Edwards Inc. now owns 13,202 shares of the company’s stock valued at $359,000 after buying an additional 1,721 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the second quarter worth $76,000.

Fidelity Fundamental Small-Mid Cap ETF Company Profile

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.