Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 12-Month High – Still a Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $38.42 and last traded at $38.42, with a volume of 171138 shares changing hands. The stock had previously closed at $38.12.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 0.7%

The company has a market cap of $978.95 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The firm has a 50-day simple moving average of $37.17 and a 200 day simple moving average of $35.11.

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

A number of hedge funds have recently modified their holdings of the business. Pines Wealth Management LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter valued at about $604,000. Retirement Planning Group LLC boosted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 354.9% during the fourth quarter. Retirement Planning Group LLC now owns 51,833 shares of the company’s stock worth $1,591,000 after buying an additional 40,439 shares during the period. Gaddis Premier Wealth Advisors LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter worth about $6,379,000. RFG Advisory LLC grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 80.2% during the fourth quarter. RFG Advisory LLC now owns 706,371 shares of the company’s stock worth $21,679,000 after buying an additional 314,429 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in Fidelity Fundamental Small-Mid Cap ETF by 81.2% in the 1st quarter. Kestra Advisory Services LLC now owns 30,581 shares of the company’s stock valued at $977,000 after acquiring an additional 13,707 shares during the period.

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.