Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Hits New 1-Year High – Here’s Why

Shares of Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.38 and last traded at $38.10, with a volume of 140047 shares. The stock had previously closed at $37.50.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

The stock has a market cap of $957.01 million, a P/E ratio of 16.79 and a beta of 1.09. The firm’s 50-day moving average price is $36.05 and its 200-day moving average price is $33.75.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at $513,000. Pines Wealth Management LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at approximately $604,000. Retirement Planning Group LLC boosted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 354.9% during the 4th quarter. Retirement Planning Group LLC now owns 51,833 shares of the company’s stock valued at $1,591,000 after acquiring an additional 40,439 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 32.7% in the third quarter. JPMorgan Chase & Co. now owns 65,343 shares of the company’s stock worth $1,909,000 after purchasing an additional 16,096 shares during the last quarter. Finally, MAI Capital Management bought a new position in Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter worth about $8,734,000.

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.