Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 12-Month High – Here’s What Happened

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high on Friday . The company traded as high as $34.39 and last traded at $34.28, with a volume of 13010 shares changing hands. The stock had previously closed at $34.07.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The company has a 50 day simple moving average of $32.30 and a 200-day simple moving average of $30.34. The firm has a market cap of $874.55 million, a PE ratio of 16.79 and a beta of 1.09.

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

Several institutional investors and hedge funds have recently made changes to their positions in FFSM. Kestra Private Wealth Services LLC raised its position in Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 13,178 shares of the company’s stock worth $404,000 after purchasing an additional 434 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.7% during the fourth quarter. Kestra Advisory Services LLC now owns 16,874 shares of the company’s stock valued at $518,000 after buying an additional 598 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter worth about $31,000. Royal Bank of Canada increased its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 9.2% in the fourth quarter. Royal Bank of Canada now owns 12,781 shares of the company’s stock worth $392,000 after buying an additional 1,076 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 15.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 13,202 shares of the company’s stock valued at $359,000 after acquiring an additional 1,721 shares during the last quarter.

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.