Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 52-Week High – Time to Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSMGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.83 and last traded at $32.69, with a volume of 94305 shares traded. The stock had previously closed at $32.57.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

The business’s 50-day moving average is $31.26 and its 200-day moving average is $29.66. The firm has a market cap of $830.59 million, a price-to-earnings ratio of 16.79 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF during the second quarter worth $76,000. Provident Wealth Management LLC increased its stake in Fidelity Fundamental Small-Mid Cap ETF by 77.4% in the 2nd quarter. Provident Wealth Management LLC now owns 2,869 shares of the company’s stock worth $78,000 after acquiring an additional 1,252 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF in the second quarter valued at approximately $101,000. Beacon Financial Advisory LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF in the third quarter valued at $204,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 10,088.7% during the 4th quarter. Farther Finance Advisors LLC now owns 7,234 shares of the company’s stock valued at $222,000 after buying an additional 7,163 shares in the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Company Profile

(Get Free Report)

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.

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