Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 52-Week High – Should You Buy?

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high on Tuesday . The company traded as high as $34.67 and last traded at $34.45, with a volume of 10091 shares. The stock had previously closed at $34.16.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 0.5%

The company has a market capitalization of $883.58 million, a PE ratio of 16.79 and a beta of 1.09. The stock has a 50-day moving average of $33.03 and a 200 day moving average of $31.44.

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

Several large investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC raised its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 13,178 shares of the company’s stock worth $404,000 after purchasing an additional 434 shares during the period. Kestra Advisory Services LLC raised its position in Fidelity Fundamental Small-Mid Cap ETF by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 16,874 shares of the company’s stock worth $518,000 after acquiring an additional 598 shares during the period. Elyxium Wealth LLC bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the fourth quarter worth about $31,000. Royal Bank of Canada boosted its stake in Fidelity Fundamental Small-Mid Cap ETF by 9.2% in the fourth quarter. Royal Bank of Canada now owns 12,781 shares of the company’s stock valued at $392,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Fidelity Fundamental Small-Mid Cap ETF by 15.0% in the second quarter. Benjamin Edwards Inc. now owns 13,202 shares of the company’s stock valued at $359,000 after acquiring an additional 1,721 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.