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

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.78 and last traded at $32.1550, with a volume of 94916 shares changing hands. The stock had previously closed at $32.6050.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

The company’s 50-day moving average is $31.64 and its 200-day moving average is $29.87. The firm has a market cap of $835.10 million, a price-to-earnings ratio of 16.79 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FFSM. RFG Advisory LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter valued at $9,495,000. MAI Capital Management bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter worth $8,734,000. Menora Mivtachim Holdings LTD. lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 56.0% during the second quarter. Menora Mivtachim Holdings LTD. now owns 227,554 shares of the company’s stock valued at $6,187,000 after acquiring an additional 81,695 shares during the period. MFA Wealth Services lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 241.5% during the third quarter. MFA Wealth Services now owns 71,856 shares of the company’s stock valued at $2,099,000 after acquiring an additional 50,816 shares during the period. Finally, Retirement Planning Group LLC boosted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 354.9% in the fourth quarter. Retirement Planning Group LLC now owns 51,833 shares of the company’s stock valued at $1,591,000 after acquiring an additional 40,439 shares during the last quarter.

About Fidelity Fundamental Small-Mid Cap ETF

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.