Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Stock Falls 0.7% – Should You Sell?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s share price was down 0.7% during mid-day trading on Wednesday. The company traded as low as $33.82 and last traded at $33.83. Approximately 1,962,526 shares traded hands during trading, an increase of 759% from the average session volume of 228,597 shares. The stock had previously closed at $34.07.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.7%

The company has a market cap of $879.27 million, a PE ratio of 16.79 and a beta of 1.09. The stock has a 50 day moving average price of $36.30 and a 200 day moving average price of $35.71.

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 the business. AdvisorNet Financial Inc raised its position in Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock worth $55,000 after buying an additional 1,601 shares during the last quarter. SK Wealth Management LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 1.1% in the first quarter. SK Wealth Management LLC now owns 174,090 shares of the company’s stock worth $5,659,000 after acquiring an additional 1,818 shares during the period. MFA Wealth Services raised its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 4.0% during the first quarter. MFA Wealth Services now owns 74,752 shares of the company’s stock valued at $2,388,000 after purchasing an additional 2,846 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 25.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,119 shares of the company’s stock valued at $998,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Elevation Wealth Management LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at approximately $208,000.

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.