Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Shares Down 0.5% – Should You Sell?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) shares were down 0.5% during trading on Friday . The company traded as low as $35.81 and last traded at $35.91. Approximately 104,436 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 155,954 shares. The stock had previously closed at $36.09.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The stock has a market capitalization of $915.71 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The business has a fifty day moving average of $34.41 and a 200 day moving average of $32.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in Fidelity Fundamental Small-Mid Cap ETF by 227.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,156,899 shares of the company’s stock worth $35,505,000 after purchasing an additional 803,856 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 19.4% during the first quarter. RFG Advisory LLC now owns 843,183 shares of the company’s stock worth $26,940,000 after purchasing an additional 136,812 shares in the last quarter. KOM Wealth Management Group LLC lifted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 4.4% during the first quarter. KOM Wealth Management Group LLC now owns 415,240 shares of the company’s stock worth $13,267,000 after purchasing an additional 17,585 shares in the last quarter. MAI Capital Management acquired a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter worth about $8,734,000. Finally, Keenan LLC acquired a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter worth about $8,143,000.

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.