Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Reaches New 52-Week High – Here’s Why

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) shares hit a new 52-week high on Friday . The company traded as high as $36.80 and last traded at $36.80, with a volume of 1504 shares. The stock had previously closed at $35.43.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

The stock has a 50 day moving average of $35.18 and a two-hundred day moving average of $33.25. The stock has a market cap of $947.84 million, a PE ratio of 16.79 and a beta of 1.09.

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

Institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the 4th quarter worth about $31,000. AdvisorNet Financial Inc increased its stake 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 purchasing an additional 1,601 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter worth about $101,000. Fifth Third Bancorp purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the 1st quarter worth about $218,000. Finally, Farther Finance Advisors LLC increased its stake in Fidelity Fundamental Small-Mid Cap ETF by 10,088.7% in the 4th quarter. Farther Finance Advisors LLC now owns 7,234 shares of the company’s stock worth $222,000 after purchasing an additional 7,163 shares in the last quarter.

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.