Fidelity Fundamental Small-Mid Cap ETF $FFSM Shares Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC increased its position in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) by 74.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 378,907 shares of the company’s stock after buying an additional 161,742 shares during the period. Fidelity Fundamental Small-Mid Cap ETF accounts for about 1.9% of Precedent Wealth Partners LLC’s holdings, making the stock its 11th largest holding. Precedent Wealth Partners LLC’s holdings in Fidelity Fundamental Small-Mid Cap ETF were worth $12,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% in the first quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock valued at $55,000 after acquiring an additional 1,601 shares during the last quarter. Elevation Wealth Management LLC purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at about $208,000. Fifth Third Bancorp purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF during the first quarter valued at about $218,000. Farther Finance Advisors LLC increased its stake in Fidelity Fundamental Small-Mid Cap ETF by 8.7% during the third quarter. Farther Finance Advisors LLC now owns 11,299 shares of the company’s stock worth $382,000 after acquiring an additional 905 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 25.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,119 shares of the company’s stock worth $998,000 after purchasing an additional 5,300 shares during the period.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

Fidelity Fundamental Small-Mid Cap ETF stock opened at $33.65 on Friday. The stock’s 50-day moving average is $35.28 and its 200-day moving average is $35.93. The company has a market cap of $858.08 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a 12 month low of $28.59 and a 12 month high of $38.48.

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.