Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Trading Down 2% – What’s Next?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) shares traded down 2% during mid-day trading on Friday . The stock traded as low as $27.71 and last traded at $26.82. 169,776 shares were traded during trading, The stock had previously closed at $27.38.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The firm has a market cap of $730.85 million, a price-to-earnings ratio of 18.22 and a beta of 1.09. The firm has a 50 day moving average price of $27.69 and a 200-day moving average price of $27.55.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the third quarter valued at about $137,000. JPMorgan Chase & Co. increased its holdings in Fidelity Fundamental Small-Mid Cap ETF by 29.8% in the third quarter. JPMorgan Chase & Co. now owns 44,427 shares of the company’s stock valued at $1,219,000 after purchasing an additional 10,198 shares during the last quarter. Dentgroup LLC increased its holdings in Fidelity Fundamental Small-Mid Cap ETF by 3.0% in the fourth quarter. Dentgroup LLC now owns 46,350 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,352 shares during the last quarter. Evernest Financial Advisors LLC increased its holdings in Fidelity Fundamental Small-Mid Cap ETF by 36.3% in the fourth quarter. Evernest Financial Advisors LLC now owns 354,974 shares of the company’s stock valued at $9,542,000 after purchasing an additional 94,559 shares during the last quarter. Finally, SK Wealth Management LLC bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the third quarter valued at about $2,254,000.

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.