Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 52-Week High – Still a Buy?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high on Thursday . The stock traded as high as $34.52 and last traded at $34.44, with a volume of 55399 shares trading hands. The stock had previously closed at $34.36.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.2%

The stock has a market cap of $878.22 million, a PE ratio of 16.79 and a beta of 1.09. The company’s 50 day moving average is $32.55 and its 200-day moving average is $30.54.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FFSM. Elyxium Wealth LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter valued at about $31,000. Geneos Wealth Management Inc. acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter valued at approximately $101,000. Beacon Financial Advisory LLC acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at approximately $204,000. Farther Finance Advisors LLC boosted its stake 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 during the last quarter. Finally, Eaton Financial Holdings Company LLC acquired a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter worth approximately $233,000.

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.