Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sets New 12-Month High – Time to Buy?

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.36 and last traded at $35.34, with a volume of 134370 shares trading hands. The stock had previously closed at $35.21.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 0.0%

The business’s 50-day simple moving average is $33.21 and its 200-day simple moving average is $31.67. The stock has a market cap of $896.84 million, a PE ratio of 16.79 and a beta of 1.09.

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

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 32.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,343 shares of the company’s stock valued at $1,909,000 after purchasing an additional 16,096 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter valued at about $513,000. Sax Wealth Advisors LLC boosted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 34.5% during the 3rd quarter. Sax Wealth Advisors LLC now owns 157,161 shares of the company’s stock valued at $4,591,000 after purchasing an additional 40,353 shares in the last quarter. MAI Capital Management bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the 3rd quarter valued at about $8,734,000. Finally, MFA Wealth Services boosted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 241.5% during the 3rd quarter. MFA Wealth Services now owns 71,856 shares of the company’s stock valued at $2,099,000 after purchasing an additional 50,816 shares in 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.