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

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

Fidelity Fundamental Small-Mid Cap ETF Trading Down 0.5%

The firm has a market capitalization of $915.71 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The company has a fifty day moving average price of $34.41 and a two-hundred day moving average price of $32.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter valued at about $31,000. AdvisorNet Financial Inc boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% during the 1st quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock valued at $55,000 after acquiring an additional 1,601 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at about $101,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 1st quarter valued at about $218,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 10,088.7% during the 4th quarter. Farther Finance Advisors LLC now owns 7,234 shares of the company’s stock valued at $222,000 after acquiring an additional 7,163 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.