Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 12-Month High – What’s Next?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.39 and last traded at $34.28, with a volume of 13010 shares changing hands. The stock had previously closed at $34.07.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.9%

The firm has a market cap of $876.44 million, a PE ratio of 16.79 and a beta of 1.09. The company has a 50 day moving average price of $32.36 and a 200 day moving average price of $30.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. bought a new position in Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at about $101,000. Beacon Financial Advisory LLC acquired a new position in Fidelity Fundamental Small-Mid Cap ETF in the third quarter valued at about $204,000. Farther Finance Advisors LLC boosted its position in Fidelity Fundamental Small-Mid Cap ETF by 10,088.7% in the fourth quarter. Farther Finance Advisors LLC now owns 7,234 shares of the company’s stock valued at $222,000 after buying an additional 7,163 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC bought a new stake in Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter worth about $233,000.

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.