Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 52-Week High – What’s Next?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.78 and last traded at $33.9310, with a volume of 94916 shares trading hands. The stock had previously closed at $32.6050.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The firm’s fifty day moving average price is $31.79 and its 200-day moving average price is $29.99. The company has a market capitalization of $868.68 million, a price-to-earnings ratio of 16.79 and a beta of 1.09.

Institutional Investors Weigh In On Fidelity Fundamental Small-Mid Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FFSM. Dentgroup LLC grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 86.3% during the 3rd quarter. Dentgroup LLC now owns 57,293 shares of the company’s stock valued at $1,674,000 after acquiring an additional 26,543 shares during the period. Ameritas Advisory Services LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter worth approximately $76,000. Creative Planning purchased a new stake in Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at about $595,000. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 48.6% during the second quarter. Envestnet Asset Management Inc. now owns 18,179 shares of the company’s stock worth $494,000 after acquiring an additional 5,946 shares in the last quarter. Finally, Sax Wealth Advisors LLC lifted its stake in Fidelity Fundamental Small-Mid Cap ETF by 34.5% in the third 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 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.