Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Reaches New 12-Month High – Still a Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $32.00 and last traded at $31.97, with a volume of 337978 shares traded. The stock had previously closed at $31.58.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 1.2%

The company has a market cap of $815.24 million, a PE ratio of 16.79 and a beta of 1.09. The business’s 50 day moving average is $30.56 and its two-hundred day moving average is $29.20.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

Several institutional investors have recently made changes to their positions in the business. Bulwark Capital Corp bought a new stake in Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at approximately $69,000. Ameritas Advisory Services LLC purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at approximately $76,000. Provident Wealth Management LLC grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 77.4% during the 2nd quarter. Provident Wealth Management LLC now owns 2,869 shares of the company’s stock valued at $78,000 after buying an additional 1,252 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at approximately $101,000. Finally, Beacon Financial Advisory LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the third quarter worth $204,000.

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.