Evernest Financial Advisors LLC Decreases Holdings in Fidelity Fundamental Small-Mid Cap ETF $FFSM

Evernest Financial Advisors LLC reduced its stake in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,082 shares of the company’s stock after selling 130,061 shares during the period. Fidelity Fundamental Small-Mid Cap ETF makes up about 2.0% of Evernest Financial Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Evernest Financial Advisors LLC owned approximately 1.07% of Fidelity Fundamental Small-Mid Cap ETF worth $9,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 227.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,156,899 shares of the company’s stock worth $35,505,000 after buying an additional 803,856 shares during the period. RFG Advisory LLC raised its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 80.2% during the 4th quarter. RFG Advisory LLC now owns 706,371 shares of the company’s stock valued at $21,679,000 after buying an additional 314,429 shares during the period. Keenan LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter valued at about $8,143,000. Gaddis Premier Wealth Advisors LLC acquired a new position in Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter worth approximately $6,379,000. Finally, Clarity Retirement & Wealth LLC acquired a new position in Fidelity Fundamental Small-Mid Cap ETF during the 4th quarter worth approximately $2,793,000.

Fidelity Fundamental Small-Mid Cap ETF Stock Down 0.8%

BATS FFSM opened at $36.58 on Tuesday. Fidelity Fundamental Small-Mid Cap ETF has a fifty-two week low of $26.83 and a fifty-two week high of $38.42. The business has a 50 day moving average price of $36.51 and a two-hundred day moving average price of $34.23. The stock has a market cap of $932.79 million, a PE ratio of 16.79 and a beta of 1.09.

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.