MAI Capital Management Takes Position in Fidelity Fundamental Small-Mid Cap ETF $FFSM

MAI Capital Management purchased a new position in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) during the third quarter, HoldingsChannel reports. The firm purchased 299,008 shares of the company’s stock, valued at approximately $8,734,000.

Other hedge funds also recently bought and sold shares of the company. RFG Advisory LLC lifted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 12.2% in the third quarter. RFG Advisory LLC now owns 391,942 shares of the company’s stock valued at $11,449,000 after acquiring an additional 42,715 shares during the period. Menora Mivtachim Holdings LTD. increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 56.0% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 227,554 shares of the company’s stock valued at $6,187,000 after purchasing an additional 81,695 shares during the last quarter. SK Wealth Management LLC increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.9% during the 3rd quarter. SK Wealth Management LLC now owns 159,177 shares of the company’s stock valued at $4,624,000 after purchasing an additional 6,046 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 34.5% in the 3rd quarter. Sax Wealth Advisors LLC now owns 157,161 shares of the company’s stock worth $4,591,000 after purchasing an additional 40,353 shares during the period. Finally, Wealth Quarterback LLC boosted its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 4.3% in the third quarter. Wealth Quarterback LLC now owns 139,627 shares of the company’s stock worth $4,078,000 after buying an additional 5,713 shares during the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Trading Down 0.1%

Shares of BATS FFSM opened at $34.42 on Friday. Fidelity Fundamental Small-Mid Cap ETF has a 12-month low of $21.80 and a 12-month high of $34.62. The firm has a market capitalization of $877.71 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The firm has a 50 day moving average of $32.62 and a 200 day moving average of $30.57.

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.