Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.03 and traded as high as $35.49. Fidelity Fundamental Small-Mid Cap ETF shares last traded at $35.16, with a volume of 366,664 shares trading hands.

Fidelity Fundamental Small-Mid Cap ETF Trading Up 1.4%

The company has a market capitalization of $1.53 billion, a PE ratio of 19.36 and a beta of 1.07. The stock has a fifty day simple moving average of $34.71 and a 200-day simple moving average of $35.03.

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

Several institutional investors have recently added to or reduced their stakes in FFSM. Commonwealth Equity Services LLC acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF during the third quarter worth approximately $43,645,000. KOM Wealth Management Group LLC boosted its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 9.5% in the 3rd quarter. KOM Wealth Management Group LLC now owns 458,292 shares of the company’s stock valued at $15,504,000 after buying an additional 39,857 shares in the last quarter. Precedent Wealth Partners LLC boosted its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 74.5% in the 3rd quarter. Precedent Wealth Partners LLC now owns 378,907 shares of the company’s stock valued at $12,818,000 after buying an additional 161,742 shares in the last quarter. Novem Group grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 0.7% in the 3rd quarter. Novem Group now owns 228,927 shares of the company’s stock valued at $7,745,000 after buying an additional 1,653 shares during the last quarter. Finally, Gaddis Premier Wealth Advisors LLC grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the 1st quarter. Gaddis Premier Wealth Advisors LLC now owns 214,864 shares of the company’s stock valued at $6,865,000 after buying an additional 7,005 shares during the last quarter.

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.