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

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price hit a new 52-week high on Friday . The stock 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 Trading Up 0.7%

The stock has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $35.09. The stock has a market cap of $978.95 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 modified their holdings of the stock. Buska Wealth Management LLC raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 180.9% during the 2nd quarter. Buska Wealth Management LLC now owns 127,234 shares of the company’s stock valued at $4,862,000 after purchasing an additional 81,933 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 316.5% during the 1st quarter. Cetera Investment Advisers now owns 61,638 shares of the company’s stock worth $1,969,000 after purchasing an additional 46,838 shares during the period. SK Wealth Management LLC raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 1.1% during the first quarter. SK Wealth Management LLC now owns 174,090 shares of the company’s stock valued at $5,659,000 after buying an additional 1,818 shares during the last quarter. Dahring Cusmano LLC acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the first quarter valued at about $1,786,000. Finally, Gaddis Premier Wealth Advisors LLC lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the first quarter. Gaddis Premier Wealth Advisors LLC now owns 214,864 shares of the company’s stock valued at $6,865,000 after buying an additional 7,005 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.