Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $35.03 and traded as high as $35.49. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $35.16, with a volume of 366,664 shares trading hands.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.36 and a beta of 1.07. The firm has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $35.03.

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

Several large investors have recently bought and sold shares of FFSM. Elevation Wealth Management LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the second quarter worth approximately $208,000. Fifth Third Bancorp acquired a new position in Fidelity Fundamental Small-Mid Cap ETF during the 1st quarter worth approximately $218,000. Farther Finance Advisors LLC grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 8.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,299 shares of the company’s stock worth $382,000 after acquiring an additional 905 shares in the last quarter. Schmidt P J Investment Management Inc. purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at approximately $518,000. Finally, Sigma Planning Corp purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at approximately $776,000.

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.