Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Reaches New 52-Week High – Here’s Why

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $36.80 and last traded at $36.80, with a volume of 1504 shares trading hands. The stock had previously closed at $35.43.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 1.5%

The firm has a market capitalization of $947.84 million, a P/E ratio of 16.79 and a beta of 1.09. The business has a 50-day moving average price of $35.18 and a 200-day moving average price of $33.25.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its position in Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,178 shares of the company’s stock valued at $404,000 after acquiring an additional 434 shares during the period. Kestra Advisory Services LLC grew its position in Fidelity Fundamental Small-Mid Cap ETF by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 16,874 shares of the company’s stock valued at $518,000 after acquiring an additional 598 shares during the period. Elyxium Wealth LLC bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter valued at $31,000. Royal Bank of Canada grew its position in 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 valued at $392,000 after acquiring an additional 1,076 shares during the period. Finally, AdvisorNet Financial Inc grew its position 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 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.