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

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.83 and last traded at $32.69, with a volume of 94305 shares trading hands. The stock had previously closed at $32.57.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The company has a market cap of $830.59 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The business’s fifty day moving average price is $31.26 and its 200 day moving average price is $29.66.

Hedge Funds Weigh In On Fidelity Fundamental Small-Mid Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 258.0% during the first quarter. Royal Bank of Canada now owns 27,843 shares of the company’s stock valued at $703,000 after acquiring an additional 20,065 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the second quarter valued at approximately $235,000. Provident Wealth Management LLC raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 77.4% during the 2nd quarter. Provident Wealth Management LLC now owns 2,869 shares of the company’s stock valued at $78,000 after buying an additional 1,252 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF in the second quarter worth approximately $76,000. Finally, Sax Wealth Advisors LLC boosted its stake in Fidelity Fundamental Small-Mid Cap ETF by 15.0% in the second quarter. Sax Wealth Advisors LLC now owns 116,808 shares of the company’s stock valued at $3,176,000 after acquiring an additional 15,203 shares in 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.