Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 52-Week High – Should You Buy?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.04 and last traded at $32.2250, with a volume of 338019 shares changing hands. The stock had previously closed at $31.58.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 3.7%

The firm has a market cap of $835.46 million, a P/E ratio of 16.79 and a beta of 1.09. The business has a fifty day moving average of $30.89 and a 200 day moving average of $29.43.

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

Hedge funds have recently added to or reduced their stakes in the business. RFG Advisory LLC bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the second quarter valued at about $9,495,000. MAI Capital Management acquired a new position in Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at about $8,734,000. Menora Mivtachim Holdings LTD. raised its holdings in Fidelity Fundamental Small-Mid Cap ETF by 56.0% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 227,554 shares of the company’s stock valued at $6,187,000 after acquiring an additional 81,695 shares during the period. Kerntke Otto McGlone Wealth Management Group lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 18.4% during the second quarter. Kerntke Otto McGlone Wealth Management Group now owns 502,919 shares of the company’s stock worth $13,674,000 after acquiring an additional 78,094 shares during the last quarter. Finally, MFA Wealth Services lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 241.5% during the third quarter. MFA Wealth Services now owns 71,856 shares of the company’s stock worth $2,099,000 after acquiring an additional 50,816 shares during the last quarter.

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.