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

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $35.92 and last traded at $35.85, with a volume of 23708 shares. The stock had previously closed at $35.36.

Fidelity Fundamental Small-Mid Cap ETF Stock Down 2.1%

The stock has a market capitalization of $915.45 million, a P/E ratio of 16.79 and a beta of 1.09. The firm’s 50 day simple moving average is $33.51 and its two-hundred day simple moving average is $32.13.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFSM. Elyxium Wealth LLC acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter valued at approximately $31,000. AdvisorNet Financial Inc raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% during the first quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock worth $55,000 after purchasing an additional 1,601 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter worth $101,000. Beacon Financial Advisory LLC acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at $204,000. Finally, Fifth Third Bancorp acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF in the 1st quarter valued at $218,000.

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.