Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Reaches New 52-Week High – Time to Buy?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high on Thursday . The company traded as high as $34.52 and last traded at $34.44, with a volume of 55399 shares. The stock had previously closed at $34.36.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The stock has a market cap of $869.04 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The company’s fifty day moving average price is $32.68 and its 200-day moving average price is $30.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of 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 valued at $35,505,000 after buying an additional 803,856 shares during the last quarter. RFG Advisory LLC raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 80.2% in the 4th quarter. RFG Advisory LLC now owns 706,371 shares of the company’s stock worth $21,679,000 after acquiring an additional 314,429 shares during the last quarter. KOM Wealth Management Group LLC lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 1.7% during the 4th quarter. KOM Wealth Management Group LLC now owns 397,655 shares of the company’s stock worth $12,204,000 after acquiring an additional 6,610 shares during the period. MAI Capital Management acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF during the 3rd quarter worth about $8,734,000. Finally, Menora Mivtachim Holdings LTD. grew its stake in Fidelity Fundamental Small-Mid Cap ETF by 56.0% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 227,554 shares of the company’s stock valued at $6,187,000 after purchasing an additional 81,695 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.